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sir i bought a car paid cash but now the financier says 15000 rs OD due from the owner what should i do since i have spent 10000 on repairs on the same vehicle any legal actions

By Damodar DR on Dec 20, 2008

Answer

  • Expert Hi,

    Before deal is completed all information regarding ownership , loan balance should have been given by the owner .Somehow there is mis communication in deal. You have two options , one to go for Legal against previous owner and financier or Pay Rs 15K.Second option would be better as they will be in advantage and deal is already completed between you and previous owner . The financier may try to take over car if its not cleared .

    You can clear OD and complete all formalities of getting complete ownership including change of registration ,Later Book a cheating case against financier and previous owner in consumer court and let law take its own course.
    Answer by Shiva Shankar on Dec 21, 2008

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