Question:

I'm looking to purchase a car. Is there anyway I can check whether there is still finance remaining on it?

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I'm looking to purchase a car. Is there anyway I can check whether there is still finance remaining on it?

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  1. Yes, any HPI check will tell you;

    http://www.hpicheck.com/newfrontend/

    Beware: most text check services will not give you finance details.


  2. The vehicle's title would show whether or not it still has a loan/lien on it. If the seller is local, ask to see the title. If he is not local, ask him to fax you a copy of the title.

    If he doesn't have the title because he still has a loan, you both should do the sales transaction at his bank where you can write a check to the bank, he can add any cash needed to fully pay off the loan, and you can get the clean title then and there.

    If he doesn't have the title and says there is no loan, stay away from the deal. For all you know, the car could be stolen.

  3. You can buy mine without the need for a hpi check

    I will tell you straight away I still owe 5 grand on it

  4. Yes, ask the seller if he is holding the title. If he says yes, there is no outstanding loan.

  5. Hi............yes you can HPI the car, most second hand car dealers use this service. There is a charge it will also advise you on mileage, stolen vehicle, accidents insurance claims......Try www.newhpi.co.uk.

  6. if your in the uk,and you do a hpi check on a car and it comes back showing finance,it does not mean the seller has no right to sell the car,when you have paid half the finance on a car you can sell the car,and settle the finance,on the hpi report there will be a telephone number,and a refrence number you must phone the finance company,tell them your thinking of buying a car and its showing finance,give them the refrence number and ask them if they have any intrest in the car,and they will tell u yes or no,a lot of ppl lose out on the cars they want to buy when they do a hpi check,and it comes back showing finance they dont then phone the finance company and ask the simple question have you any intrest in the car,you can walk into most car sales garages and ask them if they do hpi checks,it should cost you no more than £10,i prefer that than given my bank details out over the net secure sites or not,i believe in america finance rules are diffrent,all you need is the cars reg,and the report will come back with all the details,

  7. If you are buying from a dealership, you can be assured that the car does not have a lien against it. A dealer cannot re-sell a car if there is a balanced owed on it.

    If this is from a private party, the same law applies. No one can sell a car if they owe a balance to a finance company. And the registration and/or title cannot be transferred to you without a clean title from the seller.

    If you were to buy this car from a dealer or private party and a balance was owed, the finance company (the lien holder) would immediately contact you and let you know the title is not clean.

    So to prevent all these headaches, the solution is simple ... tell the owner you want to see the registration. If there is a lien holder shown on it along with the owner's name, ask to see the title. If he/she can't produce it, then it's not paid off. A finance company will NOT send a title out until the loan is paid in full.

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