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Last updated on April 19, 2014 at 8:45 EDT

Cover Yourself With a VehicleCheck

February 28, 2012

LONDON, February 28, 2012 /PRNewswire/ –

According to a report on BBC’s ‘One Show’ last night (Feb 23), over GBP24bn is spent
every year on used cars – but how much of that is on cars with a hidden history?

Getting an independent inspection is vital in ensuring that the car you are spending
your hard-earned cash on is fit for purchase.

This doesn’t just mean that it is roadworthy, though of course the parts need to be in
good working order. If you are planning to buy any kind of used car, then it’s worth
bearing in mind that a car’s history may have hidden pitfalls, from outstanding finance
that you may be liable for, to damages through being written off.

And even if you have bought it innocently, if there is outstanding finance on the
vehicle it remains the property of the finance company. Only by checking the vehicle
yourself can you ensure you are covered.

As reported on the BBC ‘One Show’, an Experian VehicleCheck
[https://www.vehiclecheck.co.uk ] will guarantee you cover for the data uncovered in the
report, and can give you the peace of mind that you have made the right purchase – even if
the paperwork a dealer gives you seems to show the car is clean. It runs 26 checks and
carries out searches for finance agreements.

Experian data shows that one in four used cars for sale have outstanding finance, one
in eight cars are recorded as an insurance write off and one in 14 cars showed significant
mileage discrepancies.[1]

“Whatever the value of the car you’re buying, getting a VehicleCheck reduces the risk
of buying a car that then gets repossessed or is unsafe to drive,” said Peter Turner,
managing director of Experian Interactive.

“One in three used cars have a hidden history[2] , so consumers need to check before
they buy to ensure there are no finance agreements still outstanding or it hasn’t been
scrapped or written off in the past. Consumers are also covered by our optional GBP30,000
data insurance* for the vehicle purchased, on the rare occasion that a piece of data is
missing.”

1. https://www.autocheck.co.uk/

2. Based on an analysis of checks made via Autocheck as at March 2011

Subject to terms and conditions

SOURCE Credit Expert


Source: PR Newswire