How To Buy A Car At Auction
For decades, buying at auction has been the cheapest way of snapping up a used car bargain, but many buyers are put off because they think they’ll end up paying too much, or buying a heap. After all, you’d only put a car into the auction ring if it’s too riddled with faults to sell it on a forecourt, wouldn’t you? Not necessarily, as car auctions are all about volume. Companies disposing of fleets have to shift a lot of cars very quickly; there simply isn’t the time to prepare and advertise them, then put them on a forecourt and wait for them to sell. Through the various auctions around the UK, thousands of cars are sold every week; it would take far too much time to sell them individually.
Don’t Fall Victim To Motor Fraud
When you’re buying a used car you need to have your wits about you, as there are some nasty people out there intent on defrauding you. We told you about the dangers of buying a car that’s still on finance in our recent blog (a practice sometimes known as asset fraud) (https://goo.gl/7zNJCV), but there are all sorts of other ways in which you can be defrauded when buying a car, so tread very carefully…
10 Warning Signs When Buying A Second-Hand Car
Buying a used car can be very stressful, but if you’re methodical about things there’s little to fear. The key is to make a series of basic checks, any one of which will highlight whether or not the car is likely to be a safe bet. So if you go to look at a second-hand car and you encounter any of these warning signs, make a sharp exit or you just know that you’re going to have nothing but trouble once you’ve handed over your money.
Buying A Car With Outstanding Finance On It
Here’s everything you need to know about buying a car with outstanding finance on it. We’re supposed to be living in an age of austerity, and if you believe the papers, a worrying proportion of us are in the red. Despite this, new car sales are increasing every month – so how can this be? The answer is simple; it’s all down to the ready availability of credit, and in particular purchasing schemes such as the Personal Contract Plan (PCP).
Buying A Car With Outstanding Finance On It
Here’s everything you need to know about buying a car with outstanding finance on it. We’re supposed to be living in an age of austerity, and if you believe the papers, a worrying proportion of us are in the red. Despite this, new car sales are increasing every month – so how can this be? The answer is simple; it’s all down to the ready availability of credit, and in particular purchasing schemes such as the Personal Contract Plan (PCP).
DON’T WRITE OFF A WRITE-OFF
HPI offers used car buyers a guide on how to purchase an insurance write-off that is not only safe to be on the road, but could save them 50% off the ticket price. HPI, provider of the HPI Check®, uncovers 649 vehicles per day for sale, which have been declared insurance write-offs, but says “not all insurance write-offs are created equal”. Whilst some write-offs are not fit to be allowed back on the road, HPI reminds used car buyers that others can be professionally repaired and legitimately returned to the UK’s roads; they could even be a bargain in disguise.
The Roof Comes Off But So Do The Miles
As British Summer Time Fast Approaches, HPI Urges Convertible Car Buyers to Check for a Chequered History Over the last decade the UK has seen the number of convertible cars on its roads increase by a staggering 1182%*, confirming Britain’s passion for ‘making hay whilst the sun shines’. However, HPI is warning convertible-loving used car buyers looking to bag themselves a bargain this summer, that this type of car is the most likely to be recorded by HPI as having a discrepant mileage reading – which could mean it’s been ‘clocked’ to reduce its true mileage.
How To Tell If A Car Is Stolen
Expert advice on how to spot if a car is stolen. Last year, fewer cars were stolen in the UK than at any time in the last half a century. But there were still almost 70,000 cars separated illegally from their owners, some of which will have been broken for parts or shipped overseas. A large proportion of these stolen cars will have been sold on to unsuspecting buyers – all of whom were likely to be left massively out of pocket. That’s because if you buy a stolen car, it belongs to the insurance company that paid out for it when it was pinched. So fail to do your homework and you’ll end up losing your car as well as your money.
If You Buy A Lamborghini, Make Sure You Can Afford The Insurance!
HPI CrushWatch Makes the UK’s Roads a Safer Place For Law Abiding Motorists HPI CrushWatch saved over £56 million worth of vehicles that were being driven without insurance, from being crushed at the instruction of the police in 2014. Shockingly, supercars and prestige vehicles are often being driven by insurance evaders. However, popular, high volume makes of car, such as Vauxhall and Ford top the culprit’s chart.
USED CAR BUYERS UNAWARE OF THE RISKS OF OUTSTANDING FINANCE
USED CAR BUYERS UNAWARE OF THE RISKS OF OUTSTANDING FINANCE Our recent survey reveals 42% of used car buyers are unaware of the risks of outstanding finance. Our latest survey reveals that a staggering 42% of used car buyers don’t know who legally owns a car that has finance owing on it. The truth is that a vehicle with outstanding finance belongs to the finance house, which has the legal right to repossess that vehicle at anytime, without warning; 1 in 4 cars checked by HPI are subject to outstanding finance. Nearly a quarter of those surveyed (23%) assumed the car belongs to the person named on the vehicle’s Log Book, highlighting the extent of misconception amongst consumers. The good news for consumers buying from a dealer is, that if they later discover the vehicle is on finance and repossessed, they will be protected by Innocent Purchaser Protection (IPP) and will be able to get back their money and buy another car.