Yes of course. A check for outstanding finance is included as part of the ‘Full Check’ report from MotorCheck. Remember it’s the responsibility of the buyer to ensure that all finance is clear before purchasing a car.
If you purchase a vehicle without a MotorCheck report you run the risk of having your car seized by the bank to whom the finance is owing, leaving you without a vehicle and in the difficult position of trying to track down the original seller!
How does it work?
When you order a finance check with MotorCheck we take the registration number of the car you’re considering buying and check its status against our finance database.
The entire process is completed instantly and if any of the banks queried show that they have an interest in the vehicle you will be informed immediately and instantly protected from buying a car that a bank still has ownership over.
It’s not uncommon for a finance record to be slow in being marked as settled on the database. This results in a finance check that indicates outstanding finance when in fact the agreement has already been settled, or a "false positive".
This is why MotorCheck offers each customer the opportunity to have their finance check verified directly with the bank at no additional cost. All you have to do is click on the ‘Verify Finance’ button within your report. Our customer service team will contact the finance house on your behalf and seek confirmation of the Finance Check result.
Once the Finance Check result has been verified your report will be updated automatically and you will be notified.
Start your Car Finance Check today – simply enter the reg number onto the main form and hit the ‘Go’ button for access to a UK Finance check and much more.
Don't Regret It, MotorCheck It! - more reasons to use MotorCheck
Our affordable and easy-to-use reports save UK car buyers thousands of euro every week.