Scotland is the region with the greatest number of used cars for sale hitting the HPI outstanding register in the UK, provenance checker HPI has revealed.
Used Scottish cars for sale were the most likely to have outstanding finance on them, said HPI.
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It said the North West of England and Wales followed closely behind.
Neil Hodson, deputy managing director for CAP and HPI said: "It’s very clear from our data, that the chances of buying a car that still has finance owing against it is much more likely in some regions across the UK than others.
"Dealers in the regions London, East Anglia and the South West are the least likely to find themselves with a car that is legally owned by someone else. However, if we drill down to sub-regions, high volumes of HPI Checks conducted by buyers in the City of London, Isle of Lewis, Isle of Man, South Glamorgan and Ayrshire are hitting the HPI finance register the most, meaning these cars are likely to be owned by the finance house."
"The risk of buying one of these cars is that it could very well be reclaimed by the finance company who holds legal title. Dealers have the additional worry of selling one of these vehicles on to a customer, putting their business and reputation in jeopardy."
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By GlobalDataHPI recently revealed plans to move into the same office as CAP, allowing the two companies to work more closely together.
