Silly title, but serious subject. This from today’s Motor Trader Hot News e-mail. Press release from Experian Automotive regarding cars with finance outstanding. All cars bought and sold through allvehicles.co.uk are checked using the gold standard Experian Gold Check (similar alternative to HPI Check) for any outstanding finance, insurance, condition and DVLA issues. Here’s the press release:
‘The biggest threat to used car buyers is the risk of ending up with a car still on finance, according to research from Experian. Rob Whalley, managing director of Experian’s automotive division, claimed that through the provenance firm’s AutoCheck system, it had found that around 30 per cent of all the cars checked still had outstanding finance. He warned: “Statistically, car buyers face a greater threat of ending up with a car that still has finance outstanding on it, as fraudsters attempt to sell them on without settling the bill.” ‘
