S
The garage he bought it from are bust; the crowd he traded it to are chasing him. (at least that's my reading of the situation, aw righ' bud?)But they are out of business according to the OP. This is why I suggested the SIMI.
My brother recently traded in his car at a garage. Yesterday he received a phone call from the garage saying that there is finance outstanding on the car and that he has to pay them €2,900 or else they will take legal action.
If the finance is outstanding on the car, then the car belongs to the finance co until all monnies are discharged. It was not the property of the garage to sell to you. The fact the garage has gone, leaves you hanging out to dry.
The finance payments are probably still being paid still by the person who took out the loan. If the person has defaulted, what has the finance co being doing to recover its debts. I would speak to them again, and go looking for some one in charge, to explain you are becoming the injured party through no fault of your own. (presuming your brother bought from a main dealer)
On a side note to this, I do believe finance companys have a responsibility to ensure the vehicle documents are held until payments are cleared.
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