any - Finance checks - dowden

Should a dealership check any vehicles they sell on to ensure there is no outstanding finance or is it the buyers responsibility

any - Finance checks - leaseman

If the dealer is an honourable operation, they will have checked the provenance of the car before taking it into their stock. Ask them to show you the results of their checks and take a copy, should they agree. If they wont show you the checks, or if you're not happy with their findings, walk away.

If you buy a car from a dealer in good faith and the car subsequently appears to have outstanding HP or Conditional Sale finance on it, then you would be protected under the "innocent purchaser" clause of the Consumer Credit Act. This would not, however, be the case if the car was the subject of a leasing agreement with outstanding finance.

any - Finance checks - tony g
Dealers normally carry out an HPI check ,on a car before they buy it .The check covers finance as well as written off cars ,plus stolen cars .

As dealers they stand to have a car repossessed by a finance company ,if they buy or take a car in part exchange .If it has outstanding finance .

Private buyers are less at risk of having a car seized by a finance company . In a previous case it was decided in the courts that private buyers wouldn't have sufficient experience to know that you should carry out an HPI check .

However as a buyer I would always carry out a full HPI check ,no matter where I was buying a car from . The maximum fee on autotrader is £20 for a single check ,£25 for 5 checks . A small amount to pay to protect yourself against the loss of thousands of pounds .

Finally there is no direct legal responsibility on either dealers or buyers to carry out HPI checks ,it just doesn't make any sense not to .
any - Finance checks - dowden

Thanks again