Mycarcheck.com reveals used vehicle risks for top 20 makes: Honda worst for write-off, Audi for finance and Yamaha stolen.
A new report by used vehicle checker mycarcheck.com has revealed the write-off, finance and stolen risks for its 20 most-searched makes.
Worryingly, the percentage of vehicles checked with at least one serious warning against them increased from 25.6% in 2015 to 28.5% in 2016. The most common serious risk, write-off, increased from 29% of all warnings in 2015 to 33.6% last year. Outstanding finance accounted for 18.1% of all warnings, up markedly from 13.8% in 2015.
The risks differ from make to make. For the second year running, Honda was worst for write-off and Audi was worst for finance. New entry in the top 20, motorbike and scooter manufacturer Yamaha, was worst for stolen.
21.65% of all Honda vehicles checked returned a write-off warning, compared to a mycarcheck.com top 20 average of 17.61%. 13.9% of all Audi vehicles returned an outstanding finance warning, compared to an average of 9.32%. 3.55% of all Yamaha vehicles checked returned a stolen warning, compared to an average of 0.92%.
Head of mycarcheck.com, Roger Powell, said: “Buying a used vehicle should be exciting, but the private marketplace is especially fraught with risks. We need to get the message out that, for a tiny percentage of the overall purchase cost, you can confirm whether the car or bike you’re looking at is stolen, has been previously written-off or has any finance debt against it.”
With information from the police, DVLA, insurers and finance houses, mycarcheck.com holds comprehensive data on every vehicle on UK roads – things that buyers should be aware of before making an offer.
