How do I find out if a car has outstanding finance?

To check how much finance left on a car, enter vehicle registration and perform a full check, giving you a finance agreement date plus the finance company’s phone number.

Does HPI check show outstanding finance?

So if you’re buying a used car, you’ve got more chance than ever of buying something that hasn’t yet been paid for; one in every four HPI checks highlights that there’s outstanding finance.

Is there a free HPI check?

There’s no such thing as a Free HPI Check so be extremely cautious of any services that claim to provide an HPI Check Free. A ‘Free HPI Check’ is not genuine and will not provide you with the information needed to keep you protected from car scams and motor fraud.

How much does a HPI check cost?

As mentioned earlier, HPI offer three levels of check. The most Basic Check costs £9.99 and comes with debt/finance, stolen, insurance write-off and imported/exported information. The standard HPI Check will cost £19.99 and includes the full range of data.

What happens if I have bought a car with outstanding finance?

Until the final payment on the purchase agreement is made, the finance company are still the registered owners of that vehicle. That means that if you buy a car with outstanding finance still on it, the finance company can reclaim the car from you without any obligation to give you a refund.

What does outstanding finance on a car mean?

What is outstanding finance? Outstanding finance is the amount of money still owed on a vehicle being purchased in instalments (usually through PCP or HP contracts). Until all outstanding finance is paid off, the vehicle’s ‘owner’ is the finance company. The person paying for it is called the vehicle’s ‘keeper’.

Is it illegal to buy a car with outstanding finance?

That’s perfectly normal and just means the person running the car hasn’t paid off the loan yet, but they don’t technically own the car until they have. However, that doesn’t stop some people from selling the car with outstanding finance, even though doing so is illegal.

Is it worth getting a HPI Check?

Mike says: ‘First and foremost, you should always carry out an HPI Check to ensure that any car you’re serious about has not been an insurance write off, does not have any outstanding finance on it and is not stolen. ‘If it has outstanding finance, make sure it is settled before you purchase the vehicle.

How do you check if a car has been scrapped for free?

The easiest way to inspect whether the vehicle you hope to buy has previously been scrapped is to buy an HPI car check online, which includes a car scrap check. Using data from the DVLA, this will check through its history to see whether it has once been recorded as scrapped.

What shows up on a HPI Check?

The report, called HPI Check, informs consumers whether a vehicle has outstanding finance, been stolen, written off as a total loss, has a mileage discrepancy (clocked), had a plate change, been cloned, or has an outstanding logbook loan.

What happens if I’ve bought a car with outstanding finance?

Do you need to do a HPI finance check?

This is a real risk when purchasing a second-hand vehicle, so using a car finance checker to look into its history is an important action to take. All our HPI car checks include a car finance check, which will flag up any outstanding finance agreements that remain on the vehicle.

Why do I need a HPI Check on my car?

All our HPI car checks include a car finance check to determine whether any previous finance taken out on the vehicle has or hasn’t been settled If you buy a car that has an outstanding loan or finance agreement against it then you are in danger of losing the vehicle and money you paid for it.

Where can I get a free HPI Check?

The franchised dealer will usually fix these for free Get the best instant cash price from a network of over 3000 dealers and buyers, simply upload your car details for free and get multiple instant cash offers for your car! As used by the AA, CAP HPI valuations, Leasing.com and many more

When did the HPI Check service come out?

They were the first to introduce this invaluable service and over many years in the industry have made getting a ‘HPI Check’ a commonly used phrase. In 1999 HPI Check launched an online vehicle data check service making it easier for the consumer to check a vehicles provenance directly. (HPI and HPI Check are trademarks of HPI Limited).