Mike79 Posted January 16, 2023 Share Posted January 16, 2023 Wondering if folks can help please? I have a friend who took out finance in her name for her now ex-boyfriends new Bike. She is the registered keeper. They have now split but she is still having to pay the finance (which she can’t afford) he is refusing to pay it back but also preventing her taking possession of the bike back. What are her options? she can obviously speak to the police and report it but wants to avoid that if possible. Any other advice I can give? The Bike is locked in a garage and cannot get access to it. She can stop paying the finance and have it repossessed but this will obviously affect her credit which she will be relying on to get herself back on her feet. Any advice would be appreciated Quote Link to comment Share on other sites More sharing options...
TimR Posted January 16, 2023 Share Posted January 16, 2023 (edited) Registered keeper is that ... V5 Document states not proof of ownership Best to speak to finance and state her needs and request they reposses but she is still liable for payments as she signed the agreement As bike is technically in her name re finance etc she can approach police Edited January 16, 2023 by TimR Quote Link to comment Share on other sites More sharing options...
bonio Posted January 16, 2023 Share Posted January 16, 2023 (edited) I'm not sure that the police would be interested even if she were to approach them: if he were to say that say she gifted him the bike, how could she disprove this? (as @TimR says, the V5 only says she's the registered keeper, not the legal owner). Is it on PPP or HP? If it's a PPP, how likely is it that the guy will return it at the end of the loan period? Or will she become liable for the balloon payment too? In this case, she might be better off talking to the finance company and explaining the situation and that she's planning to default. Try to come to an arrangement that isn't too painful for her. If HP or a bank loan, then it more finely balanced between defaulting and carrying on paying. I can't see any other option for her - but about what getting advice from Citizens Advice? They've probably come across this situation more than once. Edited January 16, 2023 by bonio Quote Link to comment Share on other sites More sharing options...
manxie49 Posted January 16, 2023 Share Posted January 16, 2023 If finance is in her name, payments are coming from her account, She is the the registered keeper (her name is on the V5), then I would personally get a lawyer involved. Does she have a car, bike or house insurance policy that also covers legal disputes? I know my policy will cover all sorts of issues, not just those related to my bike, may be worth looking into and calling them for advice? As Bonio says CAB are also a good resource to tap into. It may also be worth going to discuss this issue with the finance company. 1 Quote Link to comment Share on other sites More sharing options...
Fiddlesticks Posted January 16, 2023 Share Posted January 16, 2023 This is all very technical and probably correct. Does she not know a few big blokes that can go around and ask nicely for the keys? 3 2 Quote Link to comment Share on other sites More sharing options...
Bender Posted January 16, 2023 Share Posted January 16, 2023 2 hours ago, Fiddlesticks said: This is all very technical and probably correct. Does she not know a few big blokes that can go around and ask nicely for the keys? It's likely police will just say civil matter. 1 Quote Link to comment Share on other sites More sharing options...
MikeHorton Posted January 16, 2023 Share Posted January 16, 2023 1 hour ago, Bender said: It's likely police will just say civil matter. Yes indeed will be a civil matter as others have said registered keeper and owner are different. Seems she took the finance out in her name for him v common. Will be a job for a solicitor not cheap. Best speak to finance company first 1 Quote Link to comment Share on other sites More sharing options...
Tiggie Posted January 16, 2023 Share Posted January 16, 2023 Maybe inform him that either he has to have the finance transferred over into his name ( if possible) or you want the bike returned. Otherwise you will be involving a solicitor and courts. With any luck it'll scare him into returning the bike. Solicitors will probably be the route you'll have to take though. Definitely go to citizens advice as has been mentioned. Will certainly not be the first time this has come up Quote Link to comment Share on other sites More sharing options...
Bender Posted January 16, 2023 Share Posted January 16, 2023 Start with his parents if they still about Quote Link to comment Share on other sites More sharing options...
Stu Posted January 16, 2023 Share Posted January 16, 2023 report it stolen! Stop paying for it! Go set fire to it! Loads of options 1 Quote Link to comment Share on other sites More sharing options...
Bender Posted January 16, 2023 Share Posted January 16, 2023 19 minutes ago, Stu said: report it stolen! Stop paying for it! Go set fire to it! Loads of options It's not stolen, it was a present officer Stop paying, its going to be big impact on credit and could incur further costs Set fire to it, who's getting the payout, in fact if it cost you nothing why claim, person paying finance is screwed Which options exactly I would be getting it picked up relocated somewhere safe, new keys, sell it. Quote Link to comment Share on other sites More sharing options...
Stu Posted January 16, 2023 Share Posted January 16, 2023 5 minutes ago, Bender said: It's not stolen, it was a present officer Stop paying, its going to be big impact on credit and could incur further costs Set fire to it, who's getting the payout, in fact if it cost you nothing why claim, person paying finance is screwed Which options exactly I would be getting it picked up relocated somewhere safe, new keys, sell it. I would happily lose out to someone who is being a dick 1 Quote Link to comment Share on other sites More sharing options...
Bender Posted January 16, 2023 Share Posted January 16, 2023 10 minutes ago, Stu said: I would happily lose out to someone who is being a dick Nose off to spite face springs to mind 1 Quote Link to comment Share on other sites More sharing options...
Pie man Posted January 16, 2023 Share Posted January 16, 2023 7 hours ago, Fiddlesticks said: This is all very technical and probably correct. Does she not know a few big blokes that can go around and ask nicely for the keys? If it were me, I would ask good old friendly Barry "the baptist" or Big Chris. Nicest people I know. 1 Quote Link to comment Share on other sites More sharing options...
fredc Posted January 16, 2023 Share Posted January 16, 2023 before you start, is the bike worth more than the outstanding payments Quote Link to comment Share on other sites More sharing options...
onesea Posted January 17, 2023 Share Posted January 17, 2023 9 hours ago, Bender said: It's not stolen, it was a present officer Go police with evident your paying for it. It was never a present a joint investment. He has not being paying her half as agreed. It's your bike he's stolen hes and denying access to the bike. With a try? Quote Link to comment Share on other sites More sharing options...
Mick67 Posted January 17, 2023 Share Posted January 17, 2023 Also I know its locked up at the moment but vehicle tax get that cancelled then at least it cant be ridden on the road legally. 1 Quote Link to comment Share on other sites More sharing options...
Bender Posted January 17, 2023 Share Posted January 17, 2023 2 hours ago, onesea said: Go police with evident your paying for it. It was never a present a joint investment. He has not being paying her half as agreed. It's your bike he's stolen hes and denying access to the bike. With a try? Unlikely, they wouldn't give a chuff, off to court under your own steam. Quote Link to comment Share on other sites More sharing options...
Mike79 Posted January 17, 2023 Author Share Posted January 17, 2023 Thanks everyone for the replies. Will likely try CAB with view to taking legal and also speak to finance company. Speaking to the guys parents and attempting to repossess the vehicle again are also decent ideas/options. Thanks a lot 4 Quote Link to comment Share on other sites More sharing options...
Bender Posted January 17, 2023 Share Posted January 17, 2023 5 minutes ago, Mike79 said: Thanks everyone for the replies. Will likely try CAB with view to taking legal and also speak to finance company. Speaking to the guys parents and attempting to repossess the vehicle again are also decent ideas/options. Thanks a lot Don't forget to let us know how it goes. If that was my son you would have had the bike back instantaneously if I'd had to throw him in the back of the van with it. 1 Quote Link to comment Share on other sites More sharing options...
Mike79 Posted January 17, 2023 Author Share Posted January 17, 2023 3 minutes ago, Bender said: Don't forget to let us know how it goes. If that was my son you would have had the bike back instantaneously if I'd had to throw him in the back of the van with it. Thanks Bender, wil do. Yes he is a nasty piece of work. Earning loads and refusing to pay child Maint while she is back living with parents with 2 young kids to look after and low income. This is just adding to her mental state Quote Link to comment Share on other sites More sharing options...
onesea Posted January 17, 2023 Share Posted January 17, 2023 2 hours ago, Mike79 said: Thanks Bender, wil do. Yes he is a nasty piece of work. Earning loads and refusing to pay child Maint while she is back living with parents with 2 young kids to look after and low income. This is just adding to her mental state Contact CMS. Look on there website, and you can calculate how much he should pay. https://www.gov.uk/calculate-child-maintenance Feed him that info, he might agree. Advise the CMS if he doesn't agree they will take it at source. If he's self employed it can make it difficult. Asi understand they will basis it on his previous years wages. Mine includes milage, overtime and expenses. So if I drive due to work and can claim it as an expence she gets her cut. That grates me but hey hi... Quote Link to comment Share on other sites More sharing options...
Bender Posted January 17, 2023 Share Posted January 17, 2023 Yup as above csa or cms will sort it, I think they now levy a small fee if they have to sort it but its worth it https://www.gov.uk/calculate-child-maintenance Online calculator Self employed should only be an issue if he's paid cash and does not declare it and if he does she's probably already aware of this and can drop him I it , they have same access to self employed earnings from HMRC so would be calculated off that, if he's a complete tool nothing stopping him buggering off abroad out of the reach of csa Quote Link to comment Share on other sites More sharing options...
Mike79 Posted January 17, 2023 Author Share Posted January 17, 2023 Bender and onesea, yes he is self employed and deliberately moving to cash payments to try and avoid csa reach. Thanks for the info, really appreciate it Quote Link to comment Share on other sites More sharing options...
onesea Posted January 17, 2023 Share Posted January 17, 2023 2 hours ago, Bender said: if he's a complete tool nothing stopping him buggering off abroad out of the reach of csa I had court order prior to new CMS arrangements, it meant they could seize any assets in my name in the uk. I researched it 10 years ago. You of course need the financial backing to make it happen, my in laws would of made it happen. Sadly self employed are why the arrangements are so strict for the rest of it. Even then you don’t need to look hard to find the ways WAYS to avoid. Then I don’t do overtime, unless I have to as by the time the taxman and CMS have finished I’d see less than half of it. Quote Link to comment Share on other sites More sharing options...
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