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What are the data's includes in Outstanding Finance check report
1. Finance Company Details: Information about the lender or finance company associated with the outstanding finance on the vehicle.
2. Finance Agreement Type: Details about the type of financial arrangements, such as hire purchase, lease, or loan, linked to the vehicle.
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3. Outstanding Amount:
The remaining unpaid balance, including instalments, interest, and fees related to the finance agreement.
4. Settlement Instructions:
Guidance on how to settle the outstanding finance, including contact information for the finance company and payment instructions.
5. Vehicle Information:
Make, model, year of manufacture, and Vehicle Identification Number (VIN) of the vehicle in question.6
6. Current Ownership:
Indicates if the current owner is also responsible for the outstanding finance or if the vehicle was sold with debt.
7. Legal Implications:
Potential legal consequences of purchasing a vehicle with outstanding finance, such as the risk of repossession if the debt remains unpaid.
8. Buyer Advice:
For buyers on how to proceed if the vehicle has outstanding finance, ensuring a legal and smooth transaction.
9. Validity Period:
Duration during which the provided information is accurate and valid.
10.
Additional Notes:
Any extra details or remarks relevant to the outstanding finance status of the vehicle.