Friend Screwed Over

[CraigJ]

This Post is also in the 'Finance' section.

Hello all,

this is my first post, so go easy . Any advice or critisism is more that welcome.

I am writing this on behalf of a friend who is in need of help. I may not know all of the details involved, but will try to describe the situation to the best of my knowledge.

My friend (X) bought a car on finance on behalf of one of his friends (Y). Y is in possession of the car (and driving it) and X is paying the finance. There was a mutual agreement between the two that Y would pay X on a monthly basis.

Hope You're following so far. Person Y has stopped paying X and has cut all contact with X (new phone numbers etc.). This has gone on for several months now and X is still paying the finance on the vehicle.

X also took out an insurance Policy for the Vehicle with Y as a named driver (as Y could not afford her own policy and X has full no claims). Although Y is the holder of the Vehicle, it is in fact registered to X's Adress.

I realize that it would be best for my friend to write this in person; I am just trying to investigate his options.

What can and can't X do with regards to repossession. It's at the point where it's clear that Y isn't going to pay and from what I can see X is the legal owner of the vehicle (His name is on the logbook).

Thank you in advance for any advice.

Regards,

Craig