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    HPI Check information up to date

    Hey all, looking for some advice, I have just run a HPI Check on a car I have put a deposit on. And its showing as having outstanding finance.

    I believe the car was part ex'd at a dealers and they would have run a hpi check on it surely, then they would have probably paid off the finance company.

    Now, the car was previously part exed under a month ago, and when I run the check, it said that the car still has outstanding finance.

    Now is this true, or has the HPI system not been updated yet? Any advice appreciated.

    7 Comments

    Banned

    how do i find out hpi, is it free to find out?

    Is it a big garage where you are buying the car from like a main dealer if it is take the information you have to them and ask them about it and also get a letter signed etc by the dealers to confirm the finance has been paid so it there are any problems in the future you can go back to them.

    On the HPI it should say who the finance is owed to the companies name you can always find there contact details and give them a call aswell to make sure.

    Banned

    HPI can take a bit to update

    Either that or the dealer is sitting on the money until the last minute

    If it's a main dealer I wouldn't worry too much - they are not in the habit of not paying cars off

    Contact the seller and explain your discovery. If they claim that the finance has been paid off, ask to see some paperwork and give the company a ring to confirm that the car is now clear.

    This happened to me recently. The seller admitted the outstanding finance and said that she wanted me to purchase the car so that she could clear her debt. I rang the finance company who advised me to pay off the debt with them and pay the seller the balance. I did this from the sellers home address (by credit card), once I had the ownership document, car keys and the seller had signed the forms that I had prepared detailing the transaction.

    Hope this helps!

    hi,, i wouldnt let it bother u as same thing happened me while ago and it turns out the law is if u buy a car and it has outstanding finance payment lft on it its NOT the new owners problem its up to the finance company to contact 1st buyer(the person who took the finance out) and not new owners problem.. so dont let it worrt u, when it happened me i was worryn that they might be able to come some day and lift it but they CANT!!!!

    hope this helps,,
    x:santa::santa::santa:

    Banned

    janineohare;7262066

    hi,, i wouldnt let it bother u as same thing happened me while ago and it … hi,, i wouldnt let it bother u as same thing happened me while ago and it turns out the law is if u buy a car and it has outstanding finance payment lft on it its NOT the new owners problem its up to the finance company to contact 1st buyer(the person who took the finance out) and not new owners problem.. so dont let it worrt u, when it happened me i was worryn that they might be able to come some day and lift it but they CANT!!!!hope this helps,,x:santa::santa::santa:



    Eh?

    If the car still has finance outstanding then legally it is the property of the finance company. Who are then entitled to recover the monies owed. By taking the car. Making it the new owners problem.

    The finance company may be sympathetic, but they can take 'your' car if they feel like it

    Original Poster

    Hey, thanks all for your replies. I will be sorting out rep.

    I spoke to the finance company, and it looks like the car was settled a little late thats all!

    And HPI takes 7 days to update! You learn something new every day!

    Oh well, thanks all.
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