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Originally Posted by tabatha
OK...so morally they cannot sell...??!!
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If it's an unsecured personal loan, morals make no difference. If you have a car which you bought with a personal loan, and you sell it, changing the registered keeper vehicle document appropriately etc, and then you default on the loan, you'll still be liable for the debt as it's not actually attached to the car, it attached to the person who borrowed the money. The new owner of the car cannot be held liable. And the previous owner can be deemed stupid.
I've never bought a car on HP, but I do believe that you sign up to certain t&cs restricting the sale of the vehicle for a certain amount of time and that any monies borrows through HP
are attached to the car. This is why it's always sensible to get an HP check before you buy a car second hand.