HPI - Outstanding finance agreement question

Cage

Hi, Just done an HPI check on a car I'm hoping to buy through HPI check.

The car currently has a private reg on it which is DJ11***. There is currently outstanding finance against this. The original plate (which is being put back on very soon) which is SH61*** and which was the original plate from registration has no outstanding finance against it.

My question, is the outstanding finance against the plate or against the car regardless of what plate is on it ?

HPI check section below...

• The current plate was transferred to this vehicle on 27/11/2014
• DJ11*** was applied to this vehicle on 15/02/2013
  
  • This VRM has been recorded as having an outstanding finance agreement
  • An outstanding finance agreement was recorded on 03/12/2014 against a GOLF 14 TSI MATCH 5DR
• SH61*** was applied to this vehicle on 23/11/2011
  
  • There are no interests recorded against SH61***

InsideInsurance

Does the HPI checker not show you the VIN that the debt is connected to?

Assuming the prior owner has fulfilled their obligations then they should have informed the lender each time the vehicles plate was changed and so the current plate's debt should be on the current vehicle but cross checking the VIN is the way to confirm

Cage

I dont have the VIN yet, I'm buying from a dealership, should I call them to get the VIN ?

Cage

I think I know what it is (correct me if I'm wrong please)

The car was an ex mobility car. The owner obviously transferred his private plate to it, and as soon as it was 3 years old he/she then sold it/gave it back or whatever happens with a mobility car and then transferred their private plate to the very same make and model of car (possibly a brand new one)

Because.... if the original SH61 was put back on the car on the 27th Nov then the current finance being recorded against it on the 3rd Dec (DJ11) must mean its against the very same make and model of car.

Does that make sense ?

InsideInsurance

Cage wrote: »

I dont have the VIN yet, I'm buying from a dealership, should I call them to get the VIN ?

Do you want to take the risk of buying a car with a debt attached to it?

Cage

Got it, its Unit Stocking finance from the dealer, it dissappears when I get the car. Whew.

Nodding_Donkey

InsideInsurance wrote: »

Do you want to take the risk of buying a car with a debt attached to it?

If it's bought from a bona fide dealer it doesn't matter. They would be the ones responsible for any outstanding finance

colino

Why bother paying for a check, which you didn't understand, buying from a dealer?

Cage

colino wrote: »

Why bother paying for a check, which you didn't understand, buying from a dealer?

Was I supposed to understand everything about the HPI check before doing one ? Were you tying your shoelaces before being told how to do it ? The finance confused me a little, so err'd on the side of caution. Everywhere I have read that is although the dealer has done their own HPI check, a car buyer should still do one of their own.

Tone down your attitude in future if you ever respond to me again please.

forgotmyname

If its a reputable dealer then i would not HPI a car. They will have already done it to cover them so no issue for the buyer.

Its possible that its been crashed and repaired and not recorded. Checking that would be more important.

k3lvc

Cage wrote: »

Everywhere I have read that is although the dealer has done their own HPI check, a car buyer should still do one of their own.

Where have you read that ? Why would you need 2 versions of the same thing ?

Cage wrote: »

Tone down your attitude in future if you ever respond to me again please.

Nice :rotfl: