HPI FINANCE

Honest John Back Room » The Back Room Archive
View Threaded
Mon 16 Jul 2001 13:10
HPI FINANCE - Ken Parker
I am in the process of buying a VW Passat from the Great Trade Centre in London, however it has outstanding finance on it.

The GTC state on their invoice that all cars are sold without finance, can I trust them, or am I opening up a load of hassle for myself in the future.

Ken
Reply | Report as offensive | Link
Mon 16 Jul 2001 13:23
Re: HPI FINANCE - John Slaughter
Avoid it - it's too risky! See a previous thread on this subject.

Rgards

John
Reply | Report as offensive | Link
Mon 16 Jul 2001 15:22
Re: HPI FINANCE - honest john
No, John. You can trust the GTC. It's a 3,500 - 5,000 car supersite (biggest in Europe) with a huge throughput. Can't afford to be responsible for selling on a car with outstanding finance. GTC probably bought the car as a snatchback from the finance house and the finance house has not yet bothered to clear the debt from the HPI register.

HJ
Reply | Report as offensive | Link
Mon 16 Jul 2001 15:32
Re: HPI FINANCE - John Slaughter
HJ, Ok fair enough - I was just surprised that it was sitting there with finance apparently on it.

And, I'm sure you wouldn't want to give the impression that any, even dealer purchase, is OK when the HPI shows finance outstanding?

Cheers

John
Reply | Report as offensive | Link

A guide to how much VED you will need to pay on your car.

Road Tax Bands and Rates