Camper NE go bust

Think I am right but don't these people use Stock Funding Companies to buy stock. They then pay for it in instalments. The Finance Company own the stock until such time as it is sold. Then the funds you provide goto pay off the stock finance. The vehicle is never subject to HP so will not show up anywhere. It's never registered so just has a chassis number. They have evidently been paying the Stock Funding Company for your vehicle as though it were still on their premises. I would have thought that the SFC have never even checked to see if the vehicles are actually still there. If you have all your paperwork and receipts then the SFC is going to be loosing out. Not surprising they went bust wonder how many more they have been paying interest on that have been sold. You seem to be in the fortunate position that the fraud was committed after you took delivery of it. The V5 registration on it's own is no good as the SFC could just say it was pre registered. Have you any other paperwork that shows you had work done on the vehicle before the finance was taken out. It might be worth keeping a diary with all the people you have talked to. Certainly get names and date and times of calls. It's alright thinking you can remember but couple of months later you might not and it is not unknown for emails to vanish.
 
QFour said:
Think I am right but don't these people use Stock Funding Companies to buy stock. They then pay for it in instalments. The Finance Company own the stock until such time as it is sold. Then the funds you provide goto pay off the stock finance. The vehicle is never subject to HP so will not show up anywhere. It's never registered so just has a chassis number. They have evidently been paying the Stock Funding Company for your vehicle as though it were still on their premises. I would have thought that the SFC have never even checked to see if the vehicles are actually still there. If you have all your paperwork and receipts then the SFC is going to be loosing out. Not surprising they went bust wonder how many more they have been paying interest on that have been sold. You seem to be in the fortunate position that the fraud was committed after you took delivery of it. The V5 registration on it's own is no good as the SFC could just say it was pre registered. Have you any other paperwork that shows you had work done on the vehicle before the finance was taken out. It might be worth keeping a diary with all the people you have talked to. Certainly get names and date and times of calls. It's alright thinking you can remember but couple of months later you might not and it is not unknown for emails to vanish.
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It shows on HPI register
 
OMG, we purchased a Motorhome from them over 2 years ago and received a letter from a finance company saying it is theirs. We paid in cash in full with a part exchange. Camper NE have not paid it off. Panic, not sure what to do.
 
jimdob said:
OMG, we purchased a Motorhome from them over 2 years ago and received a letter from a finance company saying it is theirs. We paid in cash in full with a part exchange. Camper NE have not paid it off. Panic, not sure what to do.
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Hi can you email me in confidence your bill of sale from 2 years ago and the letter you just received. Thanks . jim@motorhomefunNOSPAM.co.uk . I'll do my best to help. Thanks
 
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I contacted the finance company camper NE took the finance out with and provided them with plenty evidence it was mine or bank statements showing the transferred amount , the part ex documents the v5 , the sales invoice etc etc , the finance company is Aldermore and seem happy that this is enough to prove it was mine and I’m hoping this is resolved in the next week or so , I also logged this with action fraud .

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OK thanks for that. @jimdob The finance company don't say who has the finance with them, and they are probably not obliged to. So it might not be the dealer. Nor does it say how much they are into the van for.

Unfortunately as the law stands the van does not belong to you. I am not a legal expert but if it were me I would secure or hide the van, these companies can be quick to snatch vehicles back. Don't make it easy for them.
Don't fill the form they have asked you complete before you speak to a solicitor, let him fill it in.
Speak to a solicitor today.
 
God this is terrible. I feel so sorry for those that are having to prove that their vans belong to them and not the finance company.
 
R32Paul said:
I feel so sorry for those that are having to prove that their vans belong to them and not the finance company.
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The sad thing is, as i understand it, no matter how much the owners paid... the vans do belong to the finance company.

If the vans were owned by the finance company before they were sold; no amount of proving you bought it can change that, they belong to the finance company and they can take your van and just point you to back toward the person who defrauded you.
 
Jeez, this is a worry.
 
I would suggest getting legal advice. We have used Which in the past. Also, I would consider going to the media.

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R32Paul said:
I would suggest getting legal advice. We have used Which in the past. Also, I would consider going to the media.
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If the seller has gone bust, what good will the media do?

If the motorhome is the legal property of the finance company it isn't their fault that they haven't been paid and want their motorhome back

I agree legal advice, but having been involved with these things in the past the very best that @jimdob can hope for is the goodwill of the finance company, possibly buying the van back for a reduced figure with very favourable rates

Wind them up and they will seize their property and it will be sold to a third party legally in a blink of the eye
 
Unbelievable that such a thing can happen.

We place our trust in these companies and never give it much thought.

Best wishes and good luck to anyone caught up in this. There but for the grace of God............!
 
A few years ago CamperUK were selling our Burstner for a fixed price but without my knowledge sent it up to CamperNE who eventually sold it.
They were supposed to pay us the £21k over 3 monthly payments but they never did and it was CamperUK who eventually paid us. Big mistake on our part going down that route and lesson learned.
There must have been a close tie at some time for them to do that.
 
Were they not the same company (or very closely related) at some point.
 
Shirelle, was the finance taken out before or after you owned it?

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All these posts take me back to a motorhome show at either Stoneleigh or Norfolk in 2017. A motorhome was stolen from their plot late one night. Apparently the keys were taken also. It may be just a coincidence.
 
How can a Company sell you a new vehicle knowing that it is actually owned by a finance Company ? I'd have thought that it was breaking several criminal laws ?
 
jimdob said:
Shirelle, was the finance taken out before or after you owned it?
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Just coming in to say I’m sorry about your situation, you must be sick with worry.
Shirelle said the finance was taken out after she bought the MH back in post #45. The post numbers are on the bottom line.
If you want to alert someone to your message use their avatar name like this @jimdob
 
If the loan was taken out by Camper NE after the sale it would appear that the finance company have only checked with HPI to confirm no existing finance exists, clearly they have relied on the fact no finance exists to lend Camper NE money. Clearly a dodgy deal but surely poor checks by the finance company to who has title to the motorhome.

If the loan was taken out after the sale then it appears fraud by Camper NE has occurred as they have borrowed money against something they have no title to.

Should I add this is conjecture on my behalf and all posted without prejudice .
 
Last accounts posted show to Nov 17

Stock @ £2.4 million and almost £1 million of debtors?????
Can't believe anyone would be able to drive a van away without paying so where do the debtors come from?

Creditors due within 1 year (presumably largely the stock finance company) £3.1 million

As stock is valued at cost not selling price how many vehicles did they have on premises (allegedly)?

Average cost price £50k?

48 vans - I was never there so have no idea how big they were?

But figures look very iffy to me at least.

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I would recommend anyone who has purchased a van from Camper NE in past few years pays for a decent HPI check should only cost you a tenner.
Then if the info is incorrect go see a solicitor ASAP.
 
It certainly got me thinking. If I was buying a used vehicle of any type I would check outstanding finance. But buying brand new from a main dealer it would never cross my mind to do so.

Does anyone else do this as presumably at point of sale there would be finance outstanding on a new vehicle and one assumes this is cleared off in the normal course of business?
 
And if anyone is really interested the directors names and home addresses are listed at companies house and freely available, I think I know what I would be contemplating if it were me in that scenario.
 
Bustup15 said:
It certainly got me thinking. If I was buying a used vehicle of any type I would check outstanding finance. But buying brand new from a main dealer it would never cross my mind to do so.

Does anyone else do this as presumably at point of sale there would be finance outstanding on a new vehicle and one assumes this is cleared off in the normal course of business?
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Not just a used vehicle it happens with new vehicles too!
 
This can be the same when purchasing any expensive item such as car, motorbike, caravan etc from a main dealer of motor trader. Does a HPI check guarantee their is no outstanding finance.

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mitzimad said:
so only covers up to 30k not much use for a new motorhome Which means anyone buying a new motorhome is taking a chance on the integrity of the company their buying from
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That's one company
Several HPI companies and not sure but maybe able to pay extra for increased level of cover. Never used it to check.
 
Borderland said:
This can be the same when purchasing any expensive item such as car, motorbike, caravan etc from a main dealer of motor trader. Does a HPI check guarantee their is no outstanding finance.
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No, HPI check does not guarantee ANYTHING
 
Firstly sorry for anyone who is caught up in this.

But it is also very disconcerting for anyone perhaps about to buy from any dealer. Most vans that will be sat on a forecourt are going to be financed somehow as I suspect few dealers will have sufficient capital resources of their own. So even if the dealer gives you a receipt for your payment, and a piece of paper saying you are the owner, how do you check and verify any other finance is cleared? How do you then secure your title to the vehicle so that this sort of fraudulent action can't be initiated?

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