Buyer wants 11 digit V5C number to carry out an HPI, Dodgy?
Discussion
Hi All
As per the thread title, can anyone advise re this please? The buyer has seen the bike, examined all of the paperwork etc (inc V5), has the registration number and the VIN number but now on the night before payment of the balance (£20k+)and collection of the bike, he has stated that he needs the 11 digit V5C number to carry out some kind of detailed HPI check. I have explained that the V5 specifically advises that this number shouldn't be shared. The buyer states that he needs the number to do a check with HPIcheck.com but that doesn't seem to be the case from their own website. This is apparently a deal breaker for the buyer. Advice anyone please?
Thank you
As per the thread title, can anyone advise re this please? The buyer has seen the bike, examined all of the paperwork etc (inc V5), has the registration number and the VIN number but now on the night before payment of the balance (£20k+)and collection of the bike, he has stated that he needs the 11 digit V5C number to carry out some kind of detailed HPI check. I have explained that the V5 specifically advises that this number shouldn't be shared. The buyer states that he needs the number to do a check with HPIcheck.com but that doesn't seem to be the case from their own website. This is apparently a deal breaker for the buyer. Advice anyone please?
Thank you
itcaptainslow said:
The HPI website does ask for the last V5 number to guarantee their check.
Exactly this. It's likely the buyer is doing due diligence properly. And for that you need the V5 number to take advantage of HPIs guarantee. I would ask the same, and it would be a red line for me as a buyer if the transaction was private/SOR.
mattb46 said:
Thanks everyone. Just to update if its helpful, the V5 information that HPI check requires in order to offer an additional "financial guarantee" is not the 11 digit number (top right of front page of V5) but the reference on the top left of the V5 front page.
on my V5, the serial number of the V5 is on the right about 3 inches down. TTmonkey said:
He can do the hPi check when he comes to pick up the vehicle, online. All he needs is a smart phone.
Then he can transfer the balance.
None of it needs to be done in advance.
This. Then he can transfer the balance.
None of it needs to be done in advance.
The buyer does it in front of you, gets the result and sends the money.
That way everyone is protected as far as possible, both seller and buyer.
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