A Guide to Used Car
Data Checks
OK,
so you’ve seen the car, sorted the financials
and you know it is mechanically sound – job
done, hand over the money and drive away into the
sunset? …….. Not quite
yet!
According
to results from HPI’s data checking
service there is a reasonable chance that the used
car you are about to buy has a hidden history.
-
1
in 5 used cars HPI checked has outstanding
finance
-
1
in 12 used cars HPI checked has been previously
written off
-
1
in 12 used cars HPI checked has a mileage
discrepancy
-
1
in 5 used cars HPI checked has had a number
plate change
In short this means a used car data check is a
necessity when buying a used car or vehicle. If
there is outstanding finance on a used car then
the vehicle belongs to the car finance company and
not the new owner. Thousands of stolen and written
off cars are sold to unsuspecting buyers every year.
With a vehicle data check you can check the hidden
history of your intended used car purchase and safeguard
your money and mobility by finding out before you
buy.
A Used Car Data Check should give you.
- A
full description of your vehicle
- Year of manufacture
- Date of first registration
- Number of former keepers
- Number plate transfers
- Whether
scrapped
- If
it is an import
- Notification if the vehicle is registered
as stolen on the national police computer
- Notification of any outstanding finance
against the vehicle
- If the vehicle is recorded as an insurance
write-off
- If the V5 and MOT documents appear on the
stolen documents list
It is
worth checking the precise details of what the
used car data checking service providers will
give you. If` you look at the cost in the context
of a used car purchase of more than £500 then
it is money well spent. If you get a negative report
then walk away, the money spent could well save
you thousands of pounds in the long run.
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