New car purchase, logbook loan worry?

[Mr Pies]

Hi chaps. I'm going to look at a car tomorrow, potentially it's the most I've ever spent on a car (2.5k). Asides from checking all the service history, old mot's and doing a mycarcheck, is there anything else I can to do ensure there isn't a logbook loan on it?

I'm a bit of a worrier and have heard a few horror stories about these.

The bloke who has the car is a trader and sells many vw's if that's at all relevant.

Thanks in advance.

[mjb1]

Check the date of issue on the V5 compared to the last change of owner. Might give you a clue, if they are far apart. There are genuine reasons for there being a difference of course, but it could also be a clue that the original V5 is being held by a log book loan co, and the registered keeper has obtained a duplicate from the DVLA.

[streaky]

There was a relevant thread on here a few weeks ago, search on "logbook loan".

Streaky

[GC8]

If you buy from a trader the risk is theirs. You either get good title or your money back.

[Mr Pies]

Thanks for the advice chaps, will let you know how I get on.

This is the car by the way:

http://www.autotrader.co.uk/classified/advert/2011...

[Dracoro]

Do these logbook loans appear on proper HPI checks?

[eybic]

Dracoro said:

Do these logbook loans appear on proper HPI checks?

I don't believe they do as they are done differently to HPI etc.

[Mr Pies]

Just gave him a call, he said there is only 1 key with it

[EU_Foreigner]

New V5 can not be relied on as being an issue as I just got a new one for one of my cars. Something to do with a load of thefts of blank "old" ones so they are replacing the V5 of all cars on the road.

[Mr Pies]

What should I do as I am supposed to be leaving in 15 mins to go and view it?

[jas xjr]

As far as I know mycarcheck does not check for outstanding finance of any sort

[Mr Pies]

jas xjr said:

As far as I know mycarcheck does not check for outstanding finance of any sort

Yea I've just done a mycarcheck, you're correct.

[stowey1984]

Experian is the best search in my opinion as its gives everything you need to know. Owners, Finance, Plate changes, VIN numbers, colour etc etc.

One key wouldn't worry me, but you can always buy another and get it programmed if need be.

Just make sure all VIN numbers and engine numbers match and just keep an eye out for anything unusual.

Sure it will be fine.

[EU_Foreigner]

Sounds like he bought it at auction, hence the single key issue.

Just look at the paperwork present and I am sure that if it is a reputable sales plot rather than a back street private drive it should be fine.

[80quattro]

That car is HPI clear, no outstanding finance. Only 2 owners from new as well. Could be a nice one. Good luck with your purchase.

[Mr Pies]

This is why I love ph. Thanks lads very much appreciated.

[EU_Foreigner]

Bought it?

[MonkeyBusiness]

80quattro said:

That car is HPI clear, no outstanding finance. Only 2 owners from new as well. Could be a nice one. Good luck with your purchase.

That's very nice of you to HPI it for the OP.

[Mr Pies]

80quattro said:

That car is HPI clear, no outstanding finance. Only 2 owners from new as well. Could be a nice one. Good luck with your purchase.

YHM

[Mr Pies]

EU_Foreigner said:

Bought it?