Car Finance Fraud? Question

**Incognito** · 21 July 2008, 12:07

Don't get involved. The property won't be blacklisted, it's only people who get blacklisted now.

**oracleslave** · 21 July 2008, 12:08

Originally posted by Diver View Post

One of my tenants has just informed me that she is moving out in September. She has a Jamaican (I think he is) boyfriend, who a few months ago purchased a BMW 320 d SE on finance, which I have been reliably informed he has outstanding finance on; as he hasn't paid the finance since he purchased the vehicle.
I have also been reliably informed that he is attempting to sell the vehicle privately.
The vehicle is currently hidden on the rear drive of one of my properties (the one she is renting).
I do not know whether the finance was taken out at that address (my property)

What should my course of action be?

Does it affect my credit rating, as I am the owner of the property?

Let him know that you know he is attempting to commit fraud. Then buy BMW for a cut-down price. Sell it on. BOOMED!

**EternalOptimist** · 21 July 2008, 12:11

Originally posted by Diver View Post

One of my tenants has just informed me that she is moving out in September. She has a Jamaican (I think he is) boyfriend, who a few months ago purchased a BMW 320 d SE on finance, which I have been reliably informed he has outstanding finance on; as he hasn't paid the finance since he purchased the vehicle.
I have also been reliably informed that he is attempting to sell the vehicle privately.
The vehicle is currently hidden on the rear drive of one of my properties (the one she is renting).
I do not know whether the finance was taken out at that address (my property)

What should my course of action be?

Does it affect my credit rating, as I am the owner of the property?

does that b@stard drive anywhere near the M60 ?

**ChimpMaster** · 21 July 2008, 12:12

Am i missing something here? If he sells the car, he can pay off the finance ... presumably.

**FiveTimes** · 21 July 2008, 12:12

you know his name and your property address - apply for his credit record and a code will be sent to your property. Either sneak in and get the post, or have it re-directed.

Or you could just mention it to the local fuzz

**FiveTimes** · 21 July 2008, 12:14

Originally posted by TazMaN View Post

Am i missing something here? If he sells the car, he can pay off the finance ... presumably.

You are missing loads... he could easily have it shipped over to Cyprus/Malta and sell it for good cash. Default on the finance and run away with the dollars

**Diver** · 21 July 2008, 12:14

Originally posted by TazMaN View Post

Am i missing something here? If he sells the car, he can pay off the finance ... presumably.

Yeh! never thought of that!!!

He'll pay off the finance just before moving out

Of course the finance settlement will only be a little higher than what he gets for the car

**Dow Jones** · 21 July 2008, 12:18

Not your problem

Originally posted by TazMaN View Post

Am i missing something here? If he sells the car, he can pay off the finance ... presumably.

He may not even be able to do that if it is listed with outstanding HP.

Afraid none of your business Diver, all a landlord has to do before a tenant leaves is to check any outstanding utility bills and council tax and deduct those from the deposit, as in most cases you are not likely to get a forwarding address.

Having said that, if anyone gets blacklisted against a property address, it makes it even harder for the next occupant to get credit.

**The Lone Gunman** · 21 July 2008, 12:20

As he is leaving and seems to be running up some large debts why not apply for a couple of credit cards in his name, max them out and then tell the bailiffs he has done a runner owing loads. Tell em he owes you rent too. Tell em you will have to change the locks as someone is picking up his mail and must have a set of keys.

Car Finance Fraud? Question