posted 4 years ago

Don’t buy a car on ‘outstanding finance’

It has been revealed that one in four used cars have finance owing on them which is a risk to used car buyers today

It has been revealed that one in four used cars have finance owing on them which is a risk to used car buyers today. Vehicle information experts HPI have launched a successful car status check online service; www.carstatuscheck.co.uk.

Three levels of protection are offered, buyers can purchase the ultimate peace of mind with the Platinum Car Status Check for just £9.99, which provides a full history of the vehicle, including if it has been stolen, declared a write-off by an insurer or has outstanding finance registered against it. In addition to this data, the Platinum check is supported with a Guarantee of £10,000 should any data be inaccurate or incomplete.

The Gold Check is again a full picture of the vehicles history but without the guarantee this costs £7.99, car buyers purchasing a vehicle and later finding out it is on outstanding finance stand to lose both the vehicle and the money.

Finally, for used car buyers who need to count every penny, but still want an idea of a vehicle’s history the Silver level Car Status Check is offered for £4.99, which provides vital information, including if a car is currently recorded by the police as being stolen, has been written-off by an insurer or it is at risk of being sold illegally.

All Car Status Check customers receive a report for them to download and keep for reference. This confirms if the car is ‘clear’ or not, and includes a CO2 Certificate giving emission ratings, fuel and Vehicle Excise Duty costs.