We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

HPI Check Results

I've just done an HPI check on a car I'm looking to buy, it came back clear but the only strange thing is that it said 1 owner before the current owner (a dealership), and that the current owner has had the car since April 2008? Why would they have it for over 2 years? Is this something I should be concerned about?

Comments

  • FATBALLZ wrote: »
    I've just done an HPI check on a car I'm looking to buy, it came back clear but the only strange thing is that it said 1 owner before the current owner (a dealership), and that the current owner has had the car since April 2008? Why would they have it for over 2 years? Is this something I should be concerned about?
    The dealer won't be recorded as an owner.

    It'll be classed as "in trade" thus in limbo when it comes to registration terms, they are a "transparent owner" if you will. The DVLA will know they are keeping it, but won't record them as a previous keeper.

    When you sell a car to a trader, they fill in the "yellow section" to put the car into trade, this means the DEALER keeps the remainder of the log book, so they can just sign the car over.

    Otherwise they'd have to wait for a new log book to turn up. The V5 you sign will have the previous keepers details on.

    Regards,
    Andy
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.