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SA Stolen Car on Car Loan - Do I Still Own It?

Discussion in 'Australian Consumer Law Forum' started by Matt1975, 17 October 2015.

  1. Matt1975

    Matt1975 Member

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    I brought a car from a mta dealer January this year. I had to take it in for a identity check in October which resulted in the car being seized. Police have done investigation and have said the chasis on the car is stolen but the rest is not. I have asked the dealer for my money back but that will only be the purchase price. I have car loan on the vehicle still.

    Question is, since I have car loan, do I still own 90% of that vehicle after getting a refund from the dealer?
     
  2. JS79

    JS79 Well-Known Member

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    if you have more on the loan than what you get back from the dealer, then yes you would still have a car loan.
     
  3. Rod

    Rod Well-Known Member

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    If you receive a full refund from the car dealer he gets the title back.
     

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