Was just reading that 1/3rd of cars bought still had outstanding finance. I find that hard to believe/comprehend.
Apparently the law views the debt as "belonging" to the car as against the original person who took out the loan. Therefore they can take back the car and force you to pay the debt.
Cant understand the legal jargon but that just sounds wrong.
Apparently the law views the debt as "belonging" to the car as against the original person who took out the loan. Therefore they can take back the car and force you to pay the debt.
Cant understand the legal jargon but that just sounds wrong.