Scam that does not show up on an HPI check

DBK

Jan 9, 2013
13,613
22,321
Plympton, Devon
Funster No
24,219
MH
PVC, Murvi Morocco
Exp
2013
A sad case but the way I read it they didn't see the V5 when they bought the vehicle? Why not? What excuse were they given?
 

Johns_Cross_Motorhomes

Trader - Motorhome & Accessory Sales
Jan 5, 2008
9,624
5,951
East Sussex 01-580-881288
Funster No
1,134
MH
Autotrail
Exp
1995
Yes it could be a problem but I believe that if you take out a 'Gold Plated HPI Check' you would be covered in the event of any finance or accident damage coming to light at a later date.

I also believe that if you take adequate steps to make sure, such as above HPI check, that the goods you are buying are the sellers to sell, you would be entitled to keep tham as an honest buyer.

Peter
 

Jaws

LIFE MEMBER
Sep 26, 2008
21,193
31,639
Narrfoook
Funster No
4,189
MH
C class, Autotrail Chief
Exp
since 2006 ( I think ! )
Just a thought
An unscrupulous borrower gets a log book loan
The lender is the usual ( apparently ) firm that does not actually register the loan agin the car.

The borrower then goes to a few other log book loan companies..
Defaults on the payments to all and does a runner

That car is nabbed by one of the firms who sells it.
Another firm grabs it back to do the same etc etc

I can see all sorts of fun and games could be had by one and all !!!
 

DuxDeluxe

LIFE MEMBER
Jul 10, 2008
11,212
30,073
Planet Zog
Funster No
3,243
MH
A Class Le Voyageur
Exp
since 2008
It would need several V5's though as I thought that the monies were in exchange for the V5
 
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