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Legal Logbook Loans

Following the recent news about Legal Logbook loans, we wanted to make sure that we  If a car is subject to a logbook loan, also called a bill of sale, the loan company is the legal owner of the car until the loan is paid off in full. If you buy a car that has a logbook loan on it and the person you bought the car from stops paying the money back, the finance company can repossess the car and keep it until the debt is paid in full. This applies even if you bought the car in good faith and did not know it had a logbook loan.

Here at Lifestyle Motor Group, we HPI check every single one of our vehicles. An HPI Check allows users to check for outstanding finance, write off information and whether a vehicle has been registered as missing or stolen. This protects our customers from buying a vehicle that is either unsafe or that they will never rightfully own due to logbook loans.

If you would like any more information please fill in the form below, and a member of our dedicated used car sales team will be in touch. 

Legal Logbook Loans
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