HPI Check Query - Advice needed!

[navier_stokes]

Looking at a possible used buy from a dealer so have carried out an HPI check.

This hasn't returned anything against the current registration but has returned outstanding finance against a private plate which is was previously assigned to the car. It appears the current plate is the plate it was assigned when new.

A bit of DVLA hunting suggests the private plate is now on a newer version of the same car.

If VIN/V5 etc line up with the current reg, should I be worried? Or is this simply a case of the old owner buying a newer version of the car and transferring their private reg across?

Cheers

[The Moose]

There'll be a date the finance was taken out, and the date the plate was transferred off your car. That'll tell you which car the chap is strapped up for.

[navier_stokes]

So as long as the date that the current plate was transferred to the vehicle is _before_ the date the outstanding finance agreement was recorded on the previous plate, I should be ok?

[maffski]

Might be worth speaking to the dealer - they may have taken over the repayments and be planing to pay it off when the car is sold - it means they can keep more cars on the forecourt.

This was the case when I bought mine, right down the the private plates confusing matters.

[crostonian]

It will most probably be OK and refer to the previous car, to give you peace of mind call the number of the finance company and quote the agreement number asking if they still have interest in the car, most companies will tell you this over the phone.

[750turbo]

maffski said:

Might be worth speaking to the dealer - they may have taken over the repayments and be planing to pay it off when the car is sold - it means they can keep more cars on the forecourt.

This was the case when I bought mine, right down the the private plates confusing matters.

Is that actually legal?

I very much doubt it.

[maffski]

750turbo said:

maffski said:

Might be worth speaking to the dealer - they may have taken over the repayments and be planing to pay it off when the car is sold - it means they can keep more cars on the forecourt.

This was the case when I bought mine, right down the the private plates confusing matters.

Is that actually legal?

I very much doubt it.

I presume they talk to the finance house and take over the payments, they certainly didn't try and hide it from me.

They'd only be using their stocking loan to pay the finance off anyway.

[Rich_W]

Unless it's something especially rare. Why not walk and find another one?

May be fine, may not be. Is it worth the time investigating?

[The Moose]

If you PM me the hpi report, I'll have a gander and let you know.

[HTP99]

maffski said:

750turbo said:

maffski said:

Might be worth speaking to the dealer - they may have taken over the repayments and be planing to pay it off when the car is sold - it means they can keep more cars on the forecourt.

This was the case when I bought mine, right down the the private plates confusing matters.

Is that actually legal?

I very much doubt it.

I presume they talk to the finance house and take over the payments, they certainly didn't try and hide it from me.

They'd only be using their stocking loan to pay the finance off anyway.

You can't do that, you may be getting confused with a stocking plan, or the dealer has told you that just as its easier than explaining a stocking plan.

[markmullen]

HTP99 said:

You can't do that, you may be getting confused with a stocking plan, or the dealer has told you that just as its easier than explaining a stocking plan.

[mrmr96]

navier_stokes said:

Looking at a possible used buy from a dealer so have carried out an HPI check.

This hasn't returned anything against the current registration but has returned outstanding finance against a private plate which is was previously assigned to the car. It appears the current plate is the plate it was assigned when new.

A bit of DVLA hunting suggests the private plate is now on a newer version of the same car.

If VIN/V5 etc line up with the current reg, should I be worried? Or is this simply a case of the old owner buying a newer version of the car and transferring their private reg across?

Cheers

Owner probably has a private reg which they've moved onto their new, financed, purchase. Don't worry about it.