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Author Topic: logbook loans, how do you know ?  (Read 2739 times)

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Kevin Wood

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Re: logbook loans, how do you know ?
« Reply #15 on: 18 July 2011, 23:46:48 »

Quote
I wonder if you say fitted your own wheels and tyres, (because the originals were damaged ?) you could insist on removing them before the car was taken. They are your property after all. They would then need to get a recovery wagon to lift it.

Ken

I'm guessing the kind of knuckle draggers they employ to repossess cars probably won't have the faculties for that kind of reasoning, and will lift if using a recovery wagon anyway. ;)
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bertie1.8vectra

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Re: logbook loans, how do you know ?
« Reply #16 on: 20 July 2011, 06:15:33 »

do you honestly think that you would be allowed to do that??? you would be told in no uncertain terms to break off and the car would still be taken.... best thing is not to touch these kind of loans in the first place.....
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aaronjb

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Re: logbook loans, how do you know ?
« Reply #17 on: 20 July 2011, 07:30:09 »

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do you honestly think that you would be allowed to do that??? you would be told in no uncertain terms to break off and the car would still be taken.... best thing is not to touch these kind of loans in the first place.....

But .. people aren't really discussing whether they should use a logbook loan, in this thread - they're discussing what happens if you buy a car where someone else has previously used one and defaulted on the payments.

Which, unfortunately, you have no way of knowing because it's an unregulated industry..

;)
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Ken T

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Re: logbook loans, how do you know ?
« Reply #18 on: 20 July 2011, 22:28:26 »

If you do an HPI check it tells you if the log book is a duplicate, which is some help, not much but some.

Ken
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