Outstanding finance car check

Enter your reg below to get a free car check. Upgrade to a premium report to view any outstanding finance agreements tied to a vehicle.

See what our checks include
  • verified £30k data guarantee
  • reviews Rated Excellent
  • garage 3,000,000+ scans completed
  • electric_bolt Instant report

Full Car Check
only £9.99

5 out of five star rating on Trustpilot
Mar 7, 2022

Very useful, gave me all the information I needed, well laid out and comprehensive.

Joe Fleming
amp_stories
Bike Specs
directions_car
MOT History
account_balance_wallet
Running Costs
payments
Tax Rates

See what's included in our full vehicle history check

currency_pound
Outstanding Finance Check

Buying a car with outstanding finance can be an expensive mistake, avoid this by upgrading your car check

car_crash
Car Write-off Check

How can you tell if a car is an insurance write off? We scan insurance databases to uncover if a car has been in an accident

security
Stolen Car Check

Get the assurance that you aren't buying someone else's property. Stolen car checks can help avoid that costly mistake

people_alt
Previous Owner Check

How owners has it had? Frequent owner changes? Our vehicle keeper history check can uncover that information instantly

money
Mileage Anomaly Check

Uncover clocked cars with high mileage. Check if a vehicle has mileage issues.

compare_arrows
Import/Export Car Check

Is the vehicle an import? Is the vehicle running on cloned plates while being marked as exported?

car_repair
Scrapped Car Check

Make sure the vehicle you're driving is meant to be on the road and not scrapped or ordered to be destroyed.

view_carousel
Previous Number Plate Check

A numberplate check reveals the previous number plates linked to a vehicle and when it was changed.

What is Outstanding Finance?

Put simply; outstanding finance is when someone sells a vehicle without paying off the finance they’re still liable for. With the popularity of hire purchase agreements being used to purchase cars, it’s becoming a bigger problem than ever before. Whilst it may seem incredible, it’s perhaps not as uncommon as you think with dubious people offloading their vehicles without settling previous finance agreements.

How to Check if a Car is on Finance?

It’s easy to avoid this particular headache through our premium vehicle check. For less than a tenner, you can avoid this pitfall and safely check for any outstanding finance.

What are the Risks of Buying a Car still on Finance?

Unfortunately, despite most people being honest and reliable, there is an element of society who have no conscience about selling cars without settling with their finance company first. It happens more often than you think. If you end up purchasing a car with finance still attached, the finance company, who in most cases still own the vehicle if there is finance outstanding, will look to track the car down and seize it from you.

How to settle a Car if you have Finance?

If you own a vehicle that you’re thinking about selling but it’s still under some finance, you are legally obliged to settle any outstanding finance on the car. Whilst it’s not illegal to sell a vehicle with finance attached to it, you must obtain agreement from your finance company and pay all outstanding finance, including any early repayment fees and administration fees.

What are the types of Outstanding Finance?

There are many forms of ‘outstanding finance’ that could potentially be attached to vehicles. We’ve listed some of the most common ones below:

–      Hire purchase (HP) is when the lender owns the car until the loan is fully repaid, including the final ‘option to purchase’ fee.

–      Lease/Contract Hire is when a leasing/hire company owns the car, and ownership will not pass to you until the finance is fully settled.

–      Personal contract purchase (PCP) is when the finance company owns the vehicle until all conditions are satisfied, usually after all payments are made. It often has a large final ‘balloon’ payment.

–      A personal loan is when the lender has no interest or claim in the vehicle but has registered the personal loan as part of the Governments Responsible Lending drive. If the car you are interested in has this type of finance, you should seek clarification from the seller of the vehicle and the lender.

What information does an Outstanding Finance Check show?

Through our premium vehicle check, you’ll be able to check whether a vehicle has any outstanding finance and, if applicable, you’ll be able to see who the finance company is and the finance agreement details.

Read more...