Found 22nd Jan 2010
I'm going to look at a car tomorrow in east london from a 'trader'. The registered address is a unit on a trading estate. I have had very bad experience of buying a car so far- there are too many scammers out there!

My question is how do i know if the company owns the car as they are not classed as owners on the log book?

If i do a HPI check and it is clear is it advisable to go ahead with the purchase?

Advice much appreciated.

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21 Comments

Do that car history/stolen check thing via text (forgotten the number sorry!). For £3 it's worth it!

Ask as many questions as you can and if it doesn't feel right, don't do it.
Phone the person who is registered as the last owner (on the logbook), if the company is genuine they wont mind you doing this. Check all the documents, are both keys present and ask if it's been in any accidents, specifically ask if it's been a cat d or c... sellers are obliged to tell you if you ask.

Go by your gut feeling

and do a vehicle check - hpi or soemthing similar, this normally highlights accidents.

Original Poster

I will definately do a HPI check, he has told me that there is finance outstanding on the car. he said he will phone the finance company in my presence, pay it and get them to fax over something.

Does anyone know how long it will take HPI to update their records, coz ideally i want a COMPLETELY clear HPI report before i buy.

tommy_1;7628161

I will definately do a HPI check, he has told me that there is finance … I will definately do a HPI check, he has told me that there is finance outstanding on the car. he said he will phone the finance company in my presence, pay it and get them to fax over something.Does anyone know how long it will take HPI to update their records, coz ideally i want a COMPLETELY clear HPI report before i buy.



Don't touch it..............


Walk away:thumbsup:

Or.....

I can sell you a 66k bmw an acquaintance of mine is having problems keeping up the payments on. I will get the finance company to fax proof once you pay me etc....


:whistling:

jtx;7628247

Don't touch it..............Walk away:thumbsup:Or.....I can sell you a … Don't touch it..............Walk away:thumbsup:Or.....I can sell you a 66k bmw an acquaintance of mine is having problems keeping up the payments on. I will get the finance company to fax proof once you pay me etc....:whistling:



+1

Certainly sounds too risky.

Original Poster

jtx;7628247

Don't touch it..............Walk away:thumbsup:Or.....I can sell you a … Don't touch it..............Walk away:thumbsup:Or.....I can sell you a 66k bmw an acquaintance of mine is having problems keeping up the payments on. I will get the finance company to fax proof once you pay me etc....:whistling:



I will not pay him until i have a clear HPI report

Yeah, they don't take long to photoshop..... I mean print off either.

Seriously OP, if the car is too cheap it's too cheap for a reason.
If it's not cheap then why not take your money elsewhere.

Any dealer who can't afford to pay off the outstanding finance on cars he trades should be avoided imo.

Original Poster

The car is not that cheap it's a 56 Merc C220 CDI 33k for £11,600. If i were to give him a small deposit, he pays off finance to company and the HPI report is clear in a few days- would this be adviseble. Or should i tell him i'm not interested until the finance has been payed off?

If you're getting an HPI check, go through quidco with Experian and get £6 back!

Original Poster

i'm not going to do the HPI check yet, he has told me there is finance on the car. so i will wait for him to tell me that the finance has been paid. call the finance company myself to confirm it has been paid and then do the HPI check. If it is clear only then i will purchase the car.

Original Poster

jtx;7628425

Yeah, they don't take long to photoshop..... I mean print off … Yeah, they don't take long to photoshop..... I mean print off either.Seriously OP, if the car is too cheap it's too cheap for a reason. If it's not cheap then why not take your money elsewhere. Any dealer who can't afford to pay off the outstanding finance on cars he trades should be avoided imo.



Point taken, the car is roughly £600 cheaper than other ones. I will go have a look at this car as its only 7 miles away from me,

If it dont feel right just walk away no worries. Always go with your gut feeling,and of course remember theres always another good deal coming along. Have you tried a good reputable car auctioneer? ie bca

Original Poster

There must be thousands of cars out there with finance on them- it doesn't mean you don't buy them- i just want to know how i can ensure the finance has been cleared so the car will be mine

tommy_1;7628764

There must be thousands of cars out there with finance on them- it … There must be thousands of cars out there with finance on them- it doesn't mean you don't buy them- i just want to know how i can ensure the finance has been cleared so the car will be mine



hpi check. You seem pretty fixed on buying the car anyway, ignoring other ppl's advise, no wonder why you have bad experiences from them, walk away

I found some information that may be useful to you: aacheck.com/fin…3BF.
I hope that helps.

It's really not worth the risk. It sounds very dodgy to me.

Yeah,confirm with finance co yourself. Just make sure its a genuine number and not one supplied by the seller (i.e. his mate) dont take chances with that amount of money.

tommy_1;7628552

The car is not that cheap it's a 56 Merc C220 CDI 33k for £11,600. If i … The car is not that cheap it's a 56 Merc C220 CDI 33k for £11,600. If i were to give him a small deposit, he pays off finance to company and the HPI report is clear in a few days- would this be adviseble. Or should i tell him i'm not interested until the finance has been payed off?



That's a lot of money to risk.

I'm sure there is some scam where you pay off the finance with a credit card and then after a while you report it as a fraudulent transaction. I can't quite remember the details of the scam but......

Walk away imo:thumbsup:

tommy_1;7628764

There must be thousands of cars out there with finance on them- it … There must be thousands of cars out there with finance on them- it doesn't mean you don't buy them- i just want to know how i can ensure the finance has been cleared so the car will be mine



I buy and sell a few cars myself, no way would I attempt to sell a car with outstanding finance. It would be different if you were buying it from the registered keeper from their home address and had the original finance agreement to hand. Why has a trader got a car with outstanding finance up for sale and he wants YOU to pay it off:?

Original Poster

Thank you all for your comments. I won't buy but i'm still going to have a look at the car- i want to go see his set up and get a feel of the buying process. I also want to hear why he has a car for sale with finance.

I will post back how i get on

I bet you do buy and then you will be back on here with a thread starting " Rip - Off ".
..or " I've been scammed ".

Why waste your time if you are not buying it?

People have advised you to steer clear, you have just ignored them.:roll::roll:
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