Manchester, Lancashire (PRWEB UK) 6 February 2013
Sadly, the press is rife with stories of people who buy a second hand car from an unreliable source, only to find out that it still has outstanding car finance on it – which they are then liable for (or the vehicle will be repossessed) – or it has previously been a write off.
Data published last year* said that one in four vehicles searches carried out using an HPI check were found to have outstanding credit on them.
Carfinance247.co.uk - the car finance and dealer specialists - carried out an independent study* to see just how clued up motorists were when it came to buying a second hand car. Their study revealed:
Louis Rix, Director at Carfinance247.co.uk, says: “We were surprised by how trustworthy some people are when buying a second hand vehicle. Around 1 in 4 cars have a hidden history, so failure to carry out the proper checks before purchasing could be devastating.
“And buying from someone whose vehicle registration documents don’t marry up with their ‘home’ address could mean that the private individual is in fact dealer, thereby getting out of any obligations to provide a warranty etc. Or even worse – it could be stolen!
“As a responsible car and car finance provider, our customers can feel secure in the knowledge that any vehicle they buy from our website will have had all the necessary checks carried out on it not only to make sure it isn’t a write off or stolen, but that there is no outstanding finance on it”.
*RAC news 29.02.12
**Independent research carried out in February 2013 on behalf of Carfinance247.co.uk by Usurv.
Louis Rix, Director of carfinance247.co.uk, on: email: louis(dot)rix(at)carfinance247(dot)co(dot)uk
Founded in 2000, carfinance247.co.uk is a privately owned business with offices based in central Manchester. We provide vehicle financing solutions for all financial circumstances such as hire purchase, personal contract purchase, contract hire and other leasing options. No deposit is required and we can supply and deliver any make and model of your choice.
Address: The Loading Bay
12-18 Pollard Street