Javea Grapevine Issue 180 - LARGE FONT EDITION | Page 64

Buying a
Second
Hand Car

In the UK, a warning
has been issued by
vehicle history check
experts HPI, about the
hidden administrative
risks when buying a
used car.

consumers
buying
from a dealer is, that if
they later discover the
vehicle is on finance
and repossessed, they
will be protected by
Innocent Purchaser
Protection (IPP) and
The
latest
sur- will be able to get back
vey
reveals that their money and buy
a staggering 42% of another car.
used car buyers don’t
know who legally HPI recommends that
owns a car that could you always conduct a
have finance owing vehicle history check
on it. The truth is BEFORE you buy,
that a vehicle with it will tell you if the
out-standing finance car has outstanding
belongs to the finance finance against it and
house, which has the enables you to ensure
legal right to repossess that the finance agreethat vehicle at anytime, ment
is concluded
without warning; one before you complete
in 4 cars checked by the purchase.
HPI are subject to outIn Spain, similar
standing finance.
checks can be conNearly a quarter of ducted through the
those surveyed (23%) website of the traffic
assumed the car be- department, the DGT,
longs to the person via www.dgt.es.
named on the vehicle’s
Log Book, highlight- On the front page of
ing the extent of mis- the website, under
conception amongst “Trámites y multas”,
you will see a link that
consumers.
The good news for reads “Informe del
Vehículo”.