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HPI Cartoon Car - Outstanding Finance

MEDIA ALERT

BBC RADIO REPORT CONFIRMS THAT BUYING A CHEAP VEHICLE HISTORY CHECK IS NOT ALWAYS A BARGAIN
Don’t Get Caught Out by HPI Check Imposters

www.hpicheck.com

A report by BBC Radio’s Newsbeat team, put the spotlight on a unsuspecting car buyer who bought a car that he later discovered had a ‘logbook loan’ against it; the buyer had tried to do the right thing, by conducting what he thought was a HPI Check. The check came back all clear, but all was not as it seemed. After paying £1,000 for the vehicle, the new owner discovered he was about to lose the car and his cash. The vehicle history check he invested in was not a HPI Check and in turn he was not covered by the HPI Guarantee.

HPI, the provider of www.hpicheck.com has been protecting the used car market from the threat of used car fraud for over 75 years and urges buyers to make sure they’re getting a genuine HPI Check for the best protection.

www.hpicheck.com Senior Consumer Services Manager, Shane Teskey, “The recent Newsbeat report highlighted the story of an innocent used car buyer, who was duped by a dodgy seller and a vehicle check that didn’t cover all the risks. The unlucky buyer only paid £3 for his check, which ended up costing him £1,000 for a car, which belongs to the loan company. This case highlights the importance of understanding what you are getting for your money and proves that the cheapest checks are rarely the best.

“For just 2% of the asking price of the car the buyer could have benefited from checking his car against our range of databases draws upon information from a wide range of sources including the Police, DVLA, insurance companies, finance houses, industry bodies and garages.”

Unlike many vehicle history checks, the HPI Check - which costs £19.99 - will verify whether a vehicle has outstanding finance against it. Using the most comprehensive vehicle information databases available today, HPI also includes a mileage check against the National Mileage Register as standard, now with over 170 million mileage readings. It will also confirm whether a vehicle is currently recorded as stolen with the police, or has been written-off, making it the best way for consumers to protect themselves from fraudsters looking to make a fast profit.

Crucially, the HPI Check offers a £30,000 Guarantee in the event of the information it provides being inaccurate or incomplete, offering added financial peace of mind to used car buyers. It is the only vehicle history check to cover within its Guarantee ‘cloned cars’.

Shane Teskey concludes, “HPI helps consumers reduce these risks and more by providing vital information about a vehicle’s history. We help used car buyers sort the bargains from the bangers and shop safely. There are lots of imposters out there posing as an HPI Check, but there is only one true HPI Check and you get what you pay for. With so many buyers losing their hard earned cash on vehicles with something to hide, turning to the www.hpicheck.com is the best way to reduce the risk and shop with confidence.”

The BBC published an apology for any confusion caused by its report which can be found at http://www.bbc.co.uk/helpandfeedback/corrections_clarificati...

For further information visit www.hpicheck.com or call 0845 300 8905
Follow us on Twitter @ www.twitter.com/hpicheck

Notes to Editors
Madeleine Roles, Hannah Talbot or Justine Hoadley
HSL
Email: hpiteam@harrisonsadler.com
Tel: 0208 977 9132

About HPI:
Originally established in 1938, HPI Limited is a primary source of vehicle information for the UK motor industry and motoring consumer which, since December 2008, has been owned by Solera Holdings, Inc. Solera Holdings, Inc. is an integrated group of leading automotive claims solutions companies. Founded in January 2005 by Chairman and Chief Executive Officer Tony Aquila, Solera has expanded its geographic reach and now serves more than 55,000 business customers in over 50 countries across six continents.

HPI encompasses both the HPI database of all UK road registered vehicle descriptions and histories, and the National Mileage Register (NMR) which holds in excess of 170 million mileage readings.

Together, HPI and NMR represent one of the UK's largest vehicle information sources, combining and interpreting data from government agencies, industry bodies, private organisations, the police and the general public. Registering with HPI helps companies to protect their financial interests in motor vehicles and a wide range of other mobile assets. HPI Checks give purchasers instant confirmation of whether vehicles are correctly described, known to be subject to outstanding finance or serious accident damage, or recorded as stolen or "clocked".

'HPI' and the HPI logo are registered trademarks of HPI Limited.
(1) All prices include VAT and are correct as of 2nd January 2014
(2) Mileage Data is not covered by The HPI Guarantee
*(3) The HPI Guarantee is subject to terms and conditions

This press release was distributed by ResponseSource Press Release Wire on behalf of Harrison Sadler in the following categories: Men's Interest, Motoring, Transport & Logistics, for more information visit http://pressreleasewire.responsesource.com/about.