Finding out the history of any car you’re thinking of buying is crucial. HPI says that a third of the cars they check have something to hide, and in the worst case, this hidden history could result in the car being seized from you, without you getting a penny back from what you paid for it.
A typical check uses information comes from a variety of sources, including the police, DVLA, insurance companies and finance houses. Through this, it can find out if the car has ever been reported stolen, written off or scrapped. It can also confirm the car’s correct mileage, whether there is any outstanding finance and how many previous owners the car has had. It can also reveal if the car was imported, or has had any plate changes or colour changes.
If the vehicle you're looking at has outstanding finance on it, the finance company (who actually own the car) could seize the car if you bought it, but it's not necessarily the end of the world. By talking to both the seller and the finance company, you could find a way to clear the finance off the vehicle before buying it, debt-free.
However, if you buy a car that has been stolen, the police could take it off you, as it’s technically someone else’s property. And, if that does happen, you won’t get your money back.
With that in mind, a history check – which costs no more than £20 – could be money very well spent.
Taken from http://www2.autotrader.co.uk/
A typical check uses information comes from a variety of sources, including the police, DVLA, insurance companies and finance houses. Through this, it can find out if the car has ever been reported stolen, written off or scrapped. It can also confirm the car’s correct mileage, whether there is any outstanding finance and how many previous owners the car has had. It can also reveal if the car was imported, or has had any plate changes or colour changes.
If the vehicle you're looking at has outstanding finance on it, the finance company (who actually own the car) could seize the car if you bought it, but it's not necessarily the end of the world. By talking to both the seller and the finance company, you could find a way to clear the finance off the vehicle before buying it, debt-free.
However, if you buy a car that has been stolen, the police could take it off you, as it’s technically someone else’s property. And, if that does happen, you won’t get your money back.
With that in mind, a history check – which costs no more than £20 – could be money very well spent.
Taken from http://www2.autotrader.co.uk/
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