A 3rd of used vehicles purveyed by outstanding finance
A 3rd of all used vehicles purveyed in the Britain have outstanding finance, according to Fresh figures. 6 mn used vehicles were flagged as having finance continue outstanding in 2017 however, in the premier quarter of this year, two,437,025 vehicles lifted similar alarms. Taxis (27.two per cent), vans (29.five per cent), tractors (30 per cent) & luxury vehicles (31 per cent) were the least likely class of vehicle to be purveyed 2nd hand by outstanding finance. Fernando Garcia, hpi's user head, warned used vehicle buyers they faced "unwitting trouble" if they bought a 2nd hand vehicle by outstanding finance, as loans stay by vehicles not owners. Have you ever been purveyed a vehicle by outstanding finance?
1-in-3 used vehicles are purveyed by outstanding finance, appeals HPI
according to The number of used vehicle buyers saddled by outstanding finance on their Fresh vehicle rose from 1-in-4 to 1-in-3 during 2017, appeals HPI. Calculated by information compiled from the number of finance flags lifted in 2017, over 6 mn used vehicles were identified or 'flagged' as continue having finance owing on them, HPI said, by a further two,437,025 finance hits flagged by finish of April this year. Garcia added: "The premier thing any used vehicle buyer have to do is ascertain whether the possibility buy is in reality paid for. "It's impossible to say if a vehicle has outstanding finance only by looking at it, that makes a vehicle history check an even further vital form of prevention for buyers. "An HPI Check could help prevent consumers from buying a vehicle by something to hide, saving them cash as well as saving them secure ."collected by :Haily Jackson