I purchased a second hand car from an independent dealer a few years ago. When buying the car the dealer showed me a HPI report and it was all clear. I sorted out some finance with a online company and they too HPI checked the car and said it was clear.
Last week I went to Audi to look at part exchanging my car and they HPI checked it and the HPI report was showing two lots of finance on it. One was mine and the other one was taken out on the car about a year before I purchased it. I told him I was shocked as it was all HPI checked when I purchased it. The guy at Audi rang the first finance company and he said they still have an interest in the car. They guy told me its down to the 2 finance companies to fight it out but legally the car is the first finance companies and the blame is on my financing company for not doing their checks properly. He told me there is 2 solutions:
Solution 1 - We don't how at this stage how much the first finance company are owed but my finance company could pay them off and tell me to carry on with the rest of my finance agreement.
Solution 2 - The first finance company come and take my car and then I can stop my finance agreement and try to recover all monies I have paid to them over the last two years.
Know I want to know which is the most likely solution? Solution 2 is the best for me as Audi were offering me less then my settlement figure, could I insist on solution 2?
Any help much appreciated!