A collection of articles from HPI outlining the many scams that fraudsters can engage in when pretending to sell a used car.

Used Car Scams
v5c

Common V5C scams

Your car’s registration document, or V5C, is a summary of its details and history along with its owners. It’s a print-out of what information is held on your car at the Driver and Vehicle Licensing Agency (DVLA).

The V5C is one of the most important documents when buying or selling a car, but it logs only who is the registered keeper – and they may be different from the legal owner. Since October 2002 it has been illegal to sell a car without a valid V5C, so don’t ever accept an excuse that it has been lost as you can apply for a replacement  easily enough.

When buying a car, the registered keeper should be the person you are buying from, and the VIN, or chassis number, should be the same as the one on the car. Because the V5C is a summary of the car’s details on the DVLA database, there are a few scams that can catch you out, often when you’re buying a car.

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Advice and Tips, Buying & Selling, Buying Advice, Clocking, Cloned, Used Car Scams
Car Scams

Used Car Scams

Buying a used car can be stressful enough, without having to worry about whether or not the vendor is trying to rip you off. Unfortunately there’s a high chance of this, as one in every three HPI checks flags up some sort of problem.

It could be that the car is subject to outstanding finance, it may have been clocked or it could have been involved in an insurance claim at some point. Alternatively it could be stolen, or there’s an array of other ways you could get caught out – so here’s how to protect yourself. Read more

Advice and Tips, Used Car Scams

What are ghost brokers?

Running a car tends to be expensive, so it’s no wonder drivers are always on the look out for ways to trim their costs. With insurance often one of the biggest overheads for car owners, it’s also one of the areas that’s potentially the easiest to save cash.

There are lots of ways to cut your insurance bills, with shopping around being at the top of the pile. But when you’re doing your price comparisons it’s essential that you don’t get duped by a scammer – or ghost broker – selling you a non-existent policy.

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Clocking, Industry News, Press Releases, Used Car Scams

HPI Warns Dealers of Increased Risk of Fraud with Proposed MOT Extension

A four-year MoT period opens the door for clockers looking to make a fast profit

As industry players join forces, raising consumer safety fears on the back of the Government’s plans to consult on extending the MoT period from three years to four years – as announced in the budget – HPI warns that the proposed changes would also see the risk of fraud from clockers escalate.

Neil Hodson, Managing Director for HPI, says of the Chancellor’s proposal, “There are clearly some safety concerns surrounding the idea of extending the MoT period by a further 12 months, but there is also an increased risk of fraud.

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Advice and Tips, Buying & Selling, Used Car Scams

Don’t Fall Victim To Motor Fraud

When you’re buying a used car you need to have your wits about you, as there are some nasty people out there intent on defrauding you. We told you about the dangers of buying a car that’s still on finance in our recent blog (a practice sometimes known as asset fraud) (https://goo.gl/7zNJCV), but there are all sorts of other ways in which you can be defrauded when buying a car, so tread very carefully…

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Used Car Scams
Scam alert from HPI

The “Ghost Car” Scam

At HPI we’ve been checking used vehicle histories since 1938 and we’ve certainly learned a thing or two in that time. Our call centre in Salisbury receives over 600 calls a day from customers who are in the process of changing a car and we’re pleased to offer as much help and advice as we can.

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