Checking if a car has outstanding finance is an important step in the car buying process to ensure that you don’t end up purchasing a vehicle that still has money owed on it. Here are a few steps to help you check for outstanding finance on a car:
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Check the V5C logbook: The V5C logbook should indicate if there is outstanding finance on the vehicle. Look for a note in section H, which should state the name and address of the finance company if there is any outstanding finance. If there is no note in section H, it’s possible that the vehicle is not currently financed.
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Use an online vehicle check service: There are several online services that can provide information about outstanding finance on a car.
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Contact the finance company directly: If you’re unsure about the vehicle’s finance status, you can contact the finance company directly to inquire about any outstanding payments. Be sure to have the vehicle’s registration number and make and model on hand when making the inquiry.
Checking for outstanding finance on a car is an important step in the car buying process to ensure that you don’t end up with a vehicle that still has money owed on it. Be sure to do your due diligence before making a purchase to ensure that you’re getting a safe and reliable vehicle.
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