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Logbook loan check

Buying a second hand car from a garage at the weekend. They are including an HPI check, but have said that doesn't include checking for log book loans. They want £50 to do a logbook loan check. Now I know I can get this same check from Experian for £20, but do I actually need any of them as we are not buying privately.

Don't want to experience a horror story of looking out the window and the car has been seized, although I was under the impression that if a logbook loan was on the car there would be no V5.

Comments

  • do you rekon they would put it up for sale if it had a log book loan against it bringing nothing but trouble had the previous owner defaulted, rest assured they would have checked this on taking in the vehicle for any outstanding loans or finance or accident damage etc.
  • s_b
    s_b Posts: 4,464 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    log book loan companies dont show up on hpi unless log book loan company put an alert on the hpi register
    for this reason only i would not buy a car from this seller because charging £50 is a scam
  • Personaly I would be very wary of a dealer saying that they did not include this check in their normal HPI check as I would expect them to have done a full HPI to be done.

    Unfortunately I've had experience of dealing with Logbook Loans (long story) that took several months and the threat of legal action before they backed down.
  • If you're buying from a dealer it won't matter if it has a logbook loan or any other finance secured on it.

    The dealer would be liable for any of the above, so why would you pay him extra to find out if they have any?
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
  • vaio
    vaio Posts: 12,287 Forumite
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    yep, but as dealers have been known to go bust I'd also be tempted to pay some of the cost on a credit card just in case. (but this would apply to any car I bought from a dealer)
  • david29dpo
    david29dpo Posts: 3,748 Forumite
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    I would highly recommend you tell this dealer to stuff it.
  • thenudeone
    thenudeone Posts: 4,462 Forumite
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    vaio wrote: »
    yep, but as dealers have been known to go bust I'd also be tempted to pay some of the cost on a credit card just in case. (but this would apply to any car I bought from a dealer)

    Excellent advice which I wish I had followed some years ago. I had to pay for the warranty twice because the dealer went bust before paying the warranty company:mad:
    We need the earth for food, water, and shelter.
    The earth needs us for nothing.
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    We belong to the Earth
  • vaio
    vaio Posts: 12,287 Forumite
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    david29dpo wrote: »
    I would highly recommend you tell this dealer to stuff it.

    That was my first instinct too but on reflection the same problem is going to arise in any car purchase as (I think) there is no compulsory register of "log book loans".

    Getting a credit card company behind you is the way to go
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