If there is money owing on a vehicle you purchase then you risk losing it – whether or not the security interest is disclosed. A security interest is the right a finance company has to repossess a borrower’s belongings, eg their car, if the borrower does not pay back their loan.
So, before you buy a car, make sure you check if there is any money owing on it.
You can find out if there is a valid security interest registered on the vehicle by using the TXTB4UBUY service.
TXTB4UBUYservice(external link) — PersonalProperties Securities Register