Ok, thanks for both of your replies - much appreciated.

I'll check the T&C's of the small print and take it from there.

Thanks again.

Hi, it might be worth you taking your finance document down to the citizens advice to check what sort of finance document you signed for the car you had on finance previously,they are not all the same,some are just loans,some are secured on the vehicle and the later you cannot sell without settling the outstanding finance,but check it out?

It's certainly illegal to sell a car that's on finance without the finance company's permission.

If you stop paying, the finance company would want to repossess the car. They would also take you to court for the debt. What additional action they'd take for you selling the car is up to them.

Your complaints about the condition of the car should have been made to the people who sold it to you. There is no chance of these matters being resolved now that you have sold the car.

Hi All,

Any help on this would be greatly appreciated...

I purchased a used (53 reg) car on HP in July 2007. In the first few months lots of thing's went wrong with it and it cost me around £1,500 to keep it on the road (it came with a 12 month warranty but nothing that went wrong was actually covered...) Then April 2008 it finally died for good. What went wrong with it was going to cost £2,900 to fix so I got rid.

I part exchanged the car for a value of £500 with a small dealer and purchased an old banger from him.

He basically took my car, knocked £500 off the old banger and that was that.

Since then, I've continued to pay the finance every month on the car which I no longer have or no longer own. I've been doing this for a year now.

Today, I've just found out that it's illeagel for a dealer to buy a car off someone with outstanding finance on it.

Does anyone know where I stand / what I should do?

Do I tell the finance company I no longer have the car?

If so, what are the likely to do?

What happens if I stop paying? (apart from my credit rating goes down the shoot..)

Please help - it's been a living nightmare for the last 2 years.

Thanks.