Jump to content
SAU Community

Help! Bought An Encumbered Car And Credit Corp Are After Me

miguel2015

By miguel2015,
in General Automotive Discussion

 Share

Recommended Posts

miguel2015 Newbie

miguel2015

Posted
Posted

Hi Guys,

I REALLY need your help in this.

I am a new migrant in Australia (few months ago).

I bought a car from an individual and did what common sense dictates by going to the Police and RTA to ask them if I can proceed with the purchase and they confirmed.

At that time, I had no idea absolutely that a car can be on a loan and the RTA does not know! Where I came from, the car's rego is plastic and has a stamp on it indicating that "this car is under finance and sale is prohibited" and the RTA equivalent in my country are notified with that.

Now, the car needs mechanical repairs that costs big sum of money and I cannot afford it. So I decided to sell it. the buyer did a rev check and found that it has a loan against it.

In return, I called the company listed in the report (Credit Corp) and told them my situation and that I am a victim of fraud and even offered to give them the details of the person who sold me the car so that they can go after him and remove the encumbrance of the car for me. However, they did not accept and asked me to make an offer for them.

I am on a very low salary here and I told them that. But since I am worried the car may not last till I settle things with them and the engine may be damaged at any time, I offered them $1,000 (they said the loan on the car is $6,000).

Till now I have not heard from them and I am worried that the car can collapse any time and I will lose my money!

What to do? please advise me guys

Thanks

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing


  • Similar Content

  • Latest Posts

    • MBS206
      Shoota's R33 GT-R RB30/26

      By MBS206 · Posted

      It only looks tidy, as most of the stuff that was on the whole back wall, is now in the trailer to go to the tip, or has been shoved in my 2.2x2.4m "Spare parts room", and now I can't get to anything in there Ha ha ha I could definitely do with a bit more space, but I'd just end up with your problems I'm going to enclose the car port beside the garage, and move a lot of stuff into it I think. OR... It will be setup as a fabrication area, and the main garage will have parts storage in it. I'm not sure yet... Need some pictures of that big shed you've got with the bikes and Skyline in
    • PranK
      My BMW 335i

      By PranK · Posted

      No. I think it's gone. 😭 I think you can get body coloured ones on eBay so I think I'll get one of those... Or just hang a red ribbon from the hole and whack a TOW sticker next to it.
    • Milkmun
      Cleaning my wheels 😍

      By Milkmun · Posted

      Can't say I've had a bad experience with one on my car, then again it only gets washed once or twice a year... The wheels on the other hand, get a good spray often due to my shitty dusty pads.
    • Shoota_77
      Shoota's R33 GT-R RB30/26

      By Shoota_77 · Posted

      @MBS206 thats pretty neat and tidy to me!  I'll get a photo of mine when I'm out there next. It might require multiple photos to understand the scale of the atrocities though... In total I have 4 sheds of varying sizes and layouts. Main shed is 14x8, second shed is 3x8, third shed is 11x2.5, fourth shed is around 6x4.  All are pretty much full.   The main goal of my cleaning tsunami is to make the main shed predominantly car and motorbikes only. Second shed is my metal fab room (2 x bench grinders, drill press, bench belt sander, metal band saw, scrap metal storage and some of my garden tools.  3rd shed is more bigger garden stuff, storage for engine crane, jack stands, concrete grinder, concrete mixer, air compressor lives there, and it now has two 2mx2m pallet racking shelves with itemised boxes holding building stuff, electrical stuff, plumbing stuff, etc, etc.  The 4th shed is Ryobi electric ride on mower, mini boom sprayer, ancient Kubota tractor, more garden stuff!  I have got a lot of shit....  Then there's the pool house (8mx4m) and the pool pump shed (4mx4m).  I built all of the sheds over the 11 years we've been here.  The main shed was a Ranbuild kit, the rest are all custom made to fit the areas available. Building the main shed taught me a LOT as I had no idea about building anything prior to that!  I've still got one more in me. It will be my man cave which I poured the extra concrete for way back when I poured the concrete for the main shed. The idea is the Skyline will be a centre piece of the main cave once (if...) it's finished.  I told my now 14 year old son yesterday that I will 100% drive him to his year 10 formal in 2 years. Still a long way off but at least I now have a date to work towards! 🤣
    • niZmO_Man
      Duncan's V37.......race car?

      By niZmO_Man · Posted

      Modern oils are amazing. Add tyres to that as well.
×
×
  • Create New...