Previous owners 'can hold vital clues when buying a used car'

Tue, 07 Apr 2009
Checking out the number of previous owners a vehicle has had is vital when buying a second-hand motor, it has been claimed.

According to auto information group HPI, it is inevitable some older models will have been in the possession of a range of different people.

However, it urged buyers to be wary when relatively new used cars seem to have had an extensive list of different keepers over a short space of time.

The company explained this could hint at the possibility the vehicle has on-going mechanical problems or a dodgy past.

It advised buyers to think about getting one of its checks carried out, as this confirms the number of previous owners a car has had.

The firm also suggested motorists use the V5 document - which includes details of past owners - to contact people who have driven the vehicle in the past.

It stated as these individuals no longer have a vested interest in the car in question they are likely to offer their honest opinion.

Earlier this month, HPI urged anyone considering buying a second-hand car to be on the lookout for cut 'n' shuts.

Are you buying or selling a car? Click here to find out what Honest John has to say.


Add a comment


Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93


60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.

CarFinance 247 Limited is acting as an independent credit broker