Warning over legal logbook loans
Under current laws a logbook loan is attached to the vehicle, not the person who has taken out the credit.
Citizens Advice says the number being taken out rose by 35% between 2011 and 2013.
Even if you didn't take out the cash yourself, you could still get into trouble for not repaying it.
Newsbeat has been given exclusive figures which show nearly two thirds of young people who called Citizens Advice "in serious debt" had turned to a form of high-cost credit.
just Click Away ! HPI CHECK FREE
don't just rely on the seller description or a visual inspection, do a free online vehicle check to verify the details registered with the Driver and Vehicle Licensing Agency (DVLA).
For a free car check, by entering the registration number of any UK registered motor vehicle into our number plate checker below, we will provide you with an instant identity report confirming the make, model, colour and year of manufacture.
All information we supply in this check is what is recorded on the V5 (vehicle registration document) and should match the visual inspection. If you discover any discrepancy in the details we report on, then do not go ahead with the purchase, contact the DVLA and report any error noted.
It may only be a case where a previous owner has made an alteration to the vehicle, such as a colour change and failed to notify the department. This can easily be rectified and the purchase completed.
Enter the registration of any UK registered used vehicle below, there is no charge for this car check!
Car theft, mileage tampering and unpaid finance are just a few of the major issues discovered after someone has purchased a vehicle, causing upset and loss to the new owner. These discoveries can lead to substantial financial loss and in some cases repossession. If you discover the vehicle has been stolen, the police will recover the vehicle from you and there will be no compensation. This is something you can check before you conclude any transaction so don't get caught out, do a car check!
We check thousands of vehicles weekly and save prospective buyers from purchasing write-offs, stolen vehicles, recorded scrapped, with third party interest and incorrect mileage. All factors that will result in financial loss. It is the buyers responsibility to carry out a vehicle check not the sellers to relay all the history and this is why, when people fail to carry out an hpi check, more and more vehicles are successfully released into the market with issues such as we have mentioned.
Hpi Check Free can provide a full report that will confirm all known history recorded against any used UK vehicle and this is not just limited to cars. We can search vans, heavy commercials, motorbikes and even agricultural vehicles. If it has been registered in the UK for use on a public highway, we can access all of the recorded information and confirm any previous adverse history.
Should you buy a vehicle without carrying out a check, please note the likely result below. Stolen Vehicle: Removed by Police, no compensation. Outstanding Finance: Repossessed by owner. Total loss or financial settlement agreement. Write-off: Vehicle devaluation and potential safety issues. Incorrect Mileage: Immediate loss of value and possible additional wear to parts. With thousands of vehicles discovered to have discrepancies recorded against them, you should never proceed with a purchase of a second hand car without doing an hpi check. Help us to stamp out car crime, check before you buy!