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BMW Approved & HPI Check Alert Question

  • 09-02-2017 9:14pm
    #1
    CalamariFritti
    Registered Users, Registered Users 2 Posts: 5,948 ✭✭✭


    This is probably a stupid question. Maybe not.

    I'm looking at this car that is a BMW UK approved car. It is for sale at a proper BMW UK franchise as those cars would be.

    I think I will go for it and had an HPI check to spare and used it on it. Kinda silly I suppose 'cos BMW guarantees all is good on their 2nd hand cars, but I did anyway.

    Surprisingly the check came back with an outstanding finance alert. The finance company is BMW leasing. So I'm thinking this means nothing surely. Probably a PCP trade in/up or similar.

    I will bring it up with the dealer of course and I expect to be told the above. But if he does should I be happy with that or should I be concerned or what should I do?

    Also would you do a RAC check on such a car or would your thinking be that this is what you pay the extra BMW approved money for?


Comments

  • #2
    MarkN
    Registered Users, Registered Users 2 Posts: 4,323 ✭✭✭MarkN


    CalamariFritti wrote: »
    This is probably a stupid question. Maybe not.

    I'm looking at this car that is a BMW UK approved car. It is for sale at a proper BMW UK franchise as those cars would be.

    I think I will go for it and had an HPI check to spare and used it on it. Kinda silly I suppose 'cos BMW guarantees all is good on their 2nd hand cars, but I did anyway.

    Surprisingly the check came back with an outstanding finance alert. The finance company is BMW leasing. So I'm thinking this means nothing surely. Probably a PCP trade in/up or similar.

    I will bring it up with the dealer of course and I expect to be told the above. But if he does should I be happy with that or should I be concerned or what should I do?

    Also would you do a RAC check on such a car or would your thinking be that this is what you pay the extra BMW approved money for?

    If that car was traded in recently, the finance can take 10 days to clear.


  • #3
    slave1
    Moderators, Sports Moderators Posts: 19,482 Mod ✭✭✭✭slave1


    Outstanding Finance is not unusual, lots of larger forecourts have extensive stock and cannot afford to own them all especially if they purchased in bulk at auction. They will have short term finance on them until they are sold and then they will use the proceeds from the sale to clear the loan, often the short term finance could be a sister company.
    The car I bought last year was on such finance, I got a finance check before buying which had the finance alert and then a finance check a week or so after buying her came up all clear.
    In your example just ask the dealer to explain the Finance, likely to be the above...


  • #4
    CalamariFritti
    Registered Users, Registered Users 2 Posts: 5,948 ✭✭✭CalamariFritti


    Thanks that what they said on bimmerforum too. And confirmed by dealer. Currently owned by BMW leasing and will be released after sale. Thanks again.


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