They help ensure that car dealers do not have all their money in stock. The lender has no right or interest in the vehicle, but has registered the existence of a personal loan under the Responsible Lending Antrieb government. If you are worried because the vehicle you are looking at has this type of financing, you should get clarification from the lender and seller of the vehicle. If you buy from a retailer, you can find this type of financing in your IPCH report. Talk to your dealer, check their liability and receive written confirmation that they will remove financing from the car you are buying. Unit storage is a common financing agreement used by car dealers to finance vehicles on their forecourts. If you made a vehicle history check on a car, this could indicate that the dealer has not yet paid for the storage financing. If this is the case, make sure the dealer will confirm that they will pay the full amount before you take over the property. Oh, and get this in writing to speed up the process. To ensure safety, CarMoney will always perform a vehicle history check on every car you want to buy. In this case, a judicial administrator will follow the legal procedure, including contact with the company that made the facility available for the storage plan in order to remove all vehicles to which he would be financially entitled. It is likely that the financial company will sell these vehicles at an auction.
You should be aware that these storage plans are usually personally secure.