Third of cars 'may have hidden history'
A vehicle information specialist is warning that there may now be as many as 10.4 million cars with a hidden history driving around the UK.
HPI is reporting that one in three cars could be on its 'at risk' registers and, with the Society of Motor Manufacturers and Traders (SMMT) saying there has been a 9% rise in cars in the UK to 31,362,716, the second-hand car market is now a potential minefield.
One in five cars hit HPI's plate change register, meaning they may have had a change of number plate, and that translates into 6.2 million cars. And outstanding finance is also an issue as lots of people do not realise that the debt actually stays with the car.
That means that finance companies are actually entitled to reclaim the car if a previous debt has not been paid. Meanwhile, five in every 100 cars checked by HPI have a mileage discrepancy and that equates to 1,500,000 cars in the UK in total.
As many as four out of every 100 cars that the company checks has even been written off by insurance firms because of a crash or mechanical breakdown, which means there could be as many as 1,250,000 insurance write-offs on the UK's roads.
published: 26/07/2012 17:00:01