Don't be duped by a cloned car Wednesday 19 November 2014 PDF Print DON’T BE DUPED BY A CLONED CAR HPI reminds used car buyers to protect themselves from vehicle identity theft Used car buyers are too trusting, leaving them open to the very real threat of car cloning, warns HPI, the provider of www.hpicheck.com. Fraudsters continue to use more sophisticated methods to hide the true identity of stolen vehicles and fool consumers into parting with their cash. HPI offers four simple steps to help consumers protect themselves and their finances from the used car criminal. Car cloning is the vehicle equivalent of identity fraud – criminals steal a car and give it a new identity copied from a similar make and model vehicle already on the road. The criminal disguises the unique 17 digit Vehicle Identification Number (VIN) on the stolen car and uses a stolen V5/logbook to try to legitimise its identity. HPI offers four simple, but highly effective rules consumers should apply when buying privately. These can radically reduce the risk of falling into the cloned car trap: One… Always check the provenance/history of the car, and make sure you view it at the registered keepers address (as shown on the V5/logbook). Buyers should ensure all the VIN/chassis numbers on the vehicle match each other and then use the HPI Check to ensure they tally with the details as recorded with the DVLA. Two… Know the car’s market value. If you are paying less than 70% of the market price for a vehicle, then be on your guard. No seller will want to lose money on their sale. There is rarely such a thing as a bargain, especially if the car later turns out to be a clone. Three… Don’t pay with cash, particularly if the car is costing you more than £3,000. Some cloners will take a bankers draft as part payment, because the cash part is sufficient profit without ever cashing the bankers draft. Most crooks selling cloned cars would rather walk away from a sale than take a payment that could be traced back to them. Despite strong advice to buyers to pay via the banking system, HPI still hears of many buyers who go on to pay in cash and subsequently find out that the car is a clone, and that they’ve lost both their money and the vehicle. Four... Check the vehicle’s V5/logbook. Stolen V5 documents are still being used to accompany cloned vehicles. As an added security measure, the HPI Check continues to include a unique stolen V5 document check as standard. This will confirm whether or not the document is one that the DVLA have recorded as stolen. www.hpicheck.com Senior Consumer Services Manager, Shane Teskey says, “Today, it’s almost impossible to sell a stolen vehicle without changing its identity, which is why car cloning remains a very real threat to buyers. Worryingly, whilst we believe awareness of car cloning has grown, many buyers still choose to ignore the warning signs because their heart tells them it’s a dream buy. This means they are leaving the door wide open for heartbreak and financial loss. “Consumers simply do not realise that if they buy a clone they stand to lose the car and their money. Once a vehicle is revealed as stolen, it will be returned to its rightful owner, leaving the clone victim with no car and thousands of pounds out of pocket. HPI is committed to raising awareness of the importance of a vehicle history check to make certain any car purchase is a wise one. We advise people to ‘check with HPI before they buy’ to ensure they can walk away before any harm is done.” The HPI Check includes a mileage check against the National Mileage Register as standard, now with over 170 million mileage readings. HPI also confirms whether a vehicle is currently recorded as stolen with the police, has outstanding finance against it or has been written-off, making it the best way for consumers to protect themselves from fraudsters looking to make a fast profit. In addition, the HPI Check offers a £30,000 Guarantee* in the event of the information it provides being inaccurate, offering added financial peace of mind to used car buyers. Please click on the link below to view accompanying photography which you are welcome to use. Car Thief END November 2014 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: email@example.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: Consumer Technology, Motoring, Transport & Logistics, for more information visit http://pressreleasewire.responsesource.com/about.