shoot and be safe Posted November 3, 2016 Report Share Posted November 3, 2016 Hi chaps, I'm looking to buy a 2 year old mitsubishi from a main dealer in the next day or two. I ran a HPI Check to settle my paranoia (probably made it worse now) and it came back showing outstanding finance with "Shogun Finance Ltd (stocking)". The type of agreement is "Unit Stocking". Does anyone have any advice on what this means and who is liable for this type of finance, if I buy this car and pay for it in full? Are there any risks I should be aware of? Thanks in advance Sabs Quote Link to comment Share on other sites More sharing options...
bluesj Posted November 3, 2016 Report Share Posted November 3, 2016 I would think the dealer would have sorted out any outstanding finance, so I think your best bet would be talk to them. As for risks to you, you could end up paying a lot of money for a car that is not yours! Quote Link to comment Share on other sites More sharing options...
bostonmick Posted November 3, 2016 Report Share Posted November 3, 2016 If it's a proper main dealer I would think you have nothing to worry about.dealers take cars in all the time with outstanding finance and I would guess it takes a little time for the vehicles to show as clear on the hpi checks.just mention it to them and I am sure they will set your mind at ease. Quote Link to comment Share on other sites More sharing options...
Hamster Posted November 3, 2016 Report Share Posted November 3, 2016 Stocking plan means it's on the dealers own borrowed money stock loan which he will of course remove once sold, nothing to worry about. Quote Link to comment Share on other sites More sharing options...
shoot and be safe Posted November 3, 2016 Author Report Share Posted November 3, 2016 Thanks for the reassurances chaps Quote Link to comment Share on other sites More sharing options...
Davyo Posted November 3, 2016 Report Share Posted November 3, 2016 Dealers (large) normally settle finances in lots.For example all their trade in's would probably be done at the end of the month.If you get a settlement it's usually valid for 28 days so it's not unusual for a franchise not settle it straight away. Quote Link to comment Share on other sites More sharing options...
reggiegun Posted November 3, 2016 Report Share Posted November 3, 2016 Thanks for the reassurances chaps You've got too much money Quote Link to comment Share on other sites More sharing options...
shoot and be safe Posted November 3, 2016 Author Report Share Posted November 3, 2016 You've got too much moneyI did have Quote Link to comment Share on other sites More sharing options...
Dougy Posted November 6, 2016 Report Share Posted November 6, 2016 My Mrs went to look at a mini from a local car dealership, she later put a deposit on it without me knowing as she liked the colour. and obviously got told that its the only one and loads of people want that very one.. She did eventually tell me about it and I went to have a look, It was a mini, It had a nice gap between the front driver side front panel and body, plastic wheel arch all skew wiff front plastic wheel arch trim bent. I got hold of some numpty and asked if it had been in a bump... "Its had a HPI check", he said I asked again has it been in a bump ? "all our cars have a HPI check" OK well done, I said. Now has it had a Bump ? I think the penny dropped when he asked me why, When he looked at the gaps and the twists he said "Our body shop will repair all that and we will give a valet" I laughed and told him that he still couldn't say if its had a bump or not. Quote Link to comment Share on other sites More sharing options...
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