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Saturday 04 February 2012

Take advantage of falling vehicle values, says HPI

The price of a used car is lower now than it has been for a very long time,  offering car buyers the chance of a lifetime to nab their dream motor at an affordable price.  But, warns the leading vehicle information organisation HPI, anyone thinking about grabbing a used car bargain should act quickly to benefit from the current great deals on offer, because they are unlikely to last for too much longer.   The latest HPI Used Car Valuations Index reveals that used car prices are beginning to creep up.  

Martin Keighley, HPI’s Used Car Valuations expert explains, “Overall, in the trade, we are seeing that some types of vehicles are showing signs of improved confidence, with  the City, Supermini and Small Car types leading the charge.  We are also seeing that some Luxury and 4×4 petrol models are showing signs of perking up.  For the man on the street, this means that the value of these cars is on the rise, albeit they currently still represent an extremely attractive buy.”  Read the rest of this entry »

January 31st, 2009

All, Buying advice, Vehicle Valuations |

HPI has become the first premium car history checking service to provide buyers with vehicle performance data from the Society of Motor Manufacturers and Traders (SMMT), free with every HPI Check. This means buyers are not only protected against purchasing a car with a hidden history, but are also given invaluable information from the SMMT on the fuel economy and engine performance of a vehicle, helping buyers make an informed and cost-effective purchase decision.

Nicola Johnson, Consumer Services Manager at HPI comments, “The new data from the SMMT will really help give used car buyers the fullest possible picture when buying their next used car. All too often when purchasing a vehicle, buyers rely on just what they can see. This extra data, alongside the information provided by the HPI Check, will ensure they get the vehicle’s specification information, as well as fuel economy figures.”

Used car buyers can now research the performance and specifications of the vehicle they’re interested in, which provides an advantage when ensuring any potential purchase fits their needs. The enhanced HPI Check, which now includes car performance data gives used car buyers information on how quick, green or economical the vehicle is. The information is clearly displayed in 4 categories:

Vehicle Description – The vehicle description provides a summary of the car’s specification.
Vehicle Economy – Information on fuel efficiency and CO2 emissions will indicate the ongoing running costs of the car and its environmental impact.
Vehicle Performance – The technical information provided describes the engine layout, performance, power and specification.
Vehicle Dimensions – The length, width and height of the car.

Concludes Nicola Johnson: “The HPI Check is the industry’s number one tool in providing used car buyers with peace of mind, allowing them to make an informed buying decision using our unrivalled records. We strongly advise buyers to purchase an HPI Check, which includes a unique stolen V5 document check as standard, confirming whether or not the document is one that the DVLA has notified HPI as being recorded as stolen. It will also reveal whether the car is registered as stolen with the police, has been written-off by an insurance company, or has outstanding finance against it.”

When buyers purchase an HPI Check, the mileage of the vehicle is also automatically cross-referenced against HPI’s extensive National Mileage Register (NMR) as standard. HPI boasts one of the most comprehensive mileage registers in the UK with a database containing over 135 million mileage readings. This gives car buyers extra assurance when conducting an HPI Check and helps tackle the problem of clocking.

Finally, the HPI Guarantee provides up to £30,000 financial reimbursement in the event of the car not being everything it seems – including a clone – or the data held by HPI being inaccurate at the time of the check being conducted. The HPI Check is the only history check that includes clone cover in its guarantee*.

To view a sample HPI certificate with the new SMMT data please visit www.hpicheck.com/consumer/HPISample.do

January 20th, 2009

All, Buying advice, Miscellaneous |

14 Top Tips when Buying a Used Car

Buying privately

Buying a used car can be a concern. Do you buy from a dealer and take away some of that fear and hassle, or go private and maybe grab yourself a bargain?

Whichever way you choose, there are a few rogues out there looking to make a fast buck. But by following these steps, you can avoid becoming a victim of car crime

• Always research the market and check the average valuation
• Always meet at the registered keeper’s home address
• Always get a receipt for any deposit
• Always have the car inspected by a mechanic
• Always carry out an HPI Check to find out if the car has a hidden history

Clocked car?

Low mileages look good but how can you tell if the odometer reading is genuine or clocked? Read the rest of this entry »

January 1st, 2009

All, Buying advice |

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