65% of used car buyers say outstanding finance is a deal breaker …but 1 in 4 cars have debt secured against them

65% of used car buyers say outstanding finance is a deal breaker …but 1 in 4 cars have debt secured against them
65% of used car buyers say that outstanding finance is “always a deal breaker”, according to a new survey by mycarcheck.com, which is a problem when you consider that 1 in 4 cars on UK roads have debt secured against them.  The vehicle history checker asked 100 callers to its Glasgow call centre in May 2018: “When buying a used vehicle, is outstanding finance always a deal breaker?”. 65 answered “Yes” and 35 “No”. Mark Bailey, Head of CDL Vehicle Information Systems, which o...

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