Are you asking if you are liable?
You mean to the finance company?
Is there any reason you think you may not be?
Are you the registered keeper?
It depends really what has happened.
If you are the registered keeper then you could be prosecuted for failing to keep the vehicle continuously insured but if he has been picked up for driving without insurance then you will not be prosecuted.
However, you are liable for the payments. There is no way around it. The loan is in your name. Your private arrangement with him is entirely different and gives you a claim against him but not a defence to the finance company’s claim against you I’m afraid.
Can I clarify anything for you?
I'm not sure what you mean?
Do you mean to avoid repossession? Surely that wouldn't help you?
Well, I presume he has the car not you?
Yes, but it was a car that he had not you?
Ok. Then repossession helps you as they should deduct the value of the car from the debt.
If you were using it then that would be different.
Yes, they would probably agree to that.
Well, that might be right. That would clearly be a default.
It doesn't impact upon the liability though.
Does your insurance cover it? I suppose not.
I'm happy to continue with this but please rate my answer.