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by TheOtherHobbes
1643 days ago
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The UK has some tricky loan contract law which allows a lender to do this, unless the purchaser challenges it in court it using a very specific procedure - which of course most of the population doesn't know about. Many people are surprised by this. They assume repossession means the loan is paid off - until they discover they've lost their car and are still on the hook for more or less the current market value. |
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