Kent, United Kingdom, (10th November, 2011) – iCarCheck.net, a leading provider of vehicle history and data checks, comments on the urgent need for people buying used cars to conduct checks for any outstanding finance on their vehicles.
According to HPI, an organisation specialising in offering detailed information on vehicle histories, 24 out of every 100 vehicles checked by them are subject to outstanding finance. HPI uses their accurate database of finance agreements to ascertain the financial history and current financial situation surrounding any given vehicle to enable car buyers to make an informed decision on the vehicle they choose to buy before they part with their cash.
If someone purchases a car with outstanding finance on it, the new owner can expect to lose the car or the money outstanding on it as they become liable to pay the outstanding finance. In certain cases, both of these penalties will apply and car buyers can be left considerably out of pocket.
A spokesperson for iCarCheck.net commented: “Now more than ever is it a priority for car buyers to save as much cash as possible when they buy a used car. However, in light of these revelations it simply isn’t viable in the long run to ignore the risks of potentially purchasing a car with outstanding finance on it just because it seems like a good deal at the time. Conducting a vehicle history check before committing to a sale could save you a lot of money and hassle in this respect.”
For more information on iCarCheck.net and their vehicle checking services, visit their website at www.icarcheck.net or call 01732 25 2222.
iCarCheck.net is a leading UK provider of vehicle data description checks which can provide information regarding a vehicle’s police status, VIN number, colour or number plate change history, exported or scrapped status, and much more.
c/o CarweB Ltd
Pipers Business Centre
220 Vale Road
Tel: 01732 25 2222
Fax: 01732 25 2222