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One in three used cars checked has something to hide – how to uncover it cheaply
HPI says a £9.99 vehicle history check can reveal finance, theft and write-off records before buyers hand over money.
- New data from HPI shows one in three used vehicles has an active finance agreement or loan recorded against it, alerting prospective buyers that sellers may not hold legal ownership.
- Buyers risk losing both their investment and the vehicle if a finance provider retains legal title; an HPI Check searches essential records to reveal outstanding loans before money changes hands.
- Beyond financial risks, HPI uncovers more than 2,205 insurance write-offs every day, while one in 11 vehicles checked has a mileage discrepancy that can hide significant mechanical wear.
- Criminal activity compounds these risks; HPI identifies more than 109 stolen vehicles daily, while around 200,000 stolen V5C logbooks circulate, proving documentation alone is not proof of ownership.
- To mitigate these risks, a £9.99 HPI Check provides data guarantees worth up to £30,000; customers inspecting multiple vehicles can choose a Multicheck package offering three checks redeemable within two years.
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