HPI Check on farm machinery

[Kezman50]

My apologies......this must of been covered at some time but putting in a search results in words too common and too short apparently, hence this thread.

How do you hpi check farm machinery as in title? My situation is I'm very interested in a Mower conditioner off a farmer, only 20 mins down the road but if I've bumped in to 10 stories of said farmer, not one of them is good in terms of his financial goings on over the years. Plenty of Big tractors reclaimed by dealers from defaulting on finance etc etc.

I'm trying to look at it that at the end of the day, that I'm buying not owed money from him and it's not the machines fault, as I'm fairly confident having viewed the machine, spoken to dealer it came from etc that the machine is in really good order. But...one of the tractor dealers hinted at above, has said "look get it HPI checked," even though it's a 2007 machine.

I could possibly understand how you could check a tractor that has a reg number but farm implements etc...you've just got your serial No??

It's outstanding finance that particularly concerns me? By the way comments on how fair the asking price is would be most welcome. Appreciate none of you have seen the machine but it's a 2007 Krone AM243CV and clearly not done a lot at all with as new condition canvas, paintwork etc (I've checked gearbox's, bed seems great bearing wise etc) £2,200 + Vat is being asked. is this about right, too strong?

Thanks all.

 

[TomD]

I would be surprised if he has finance on a 12 year old mower...

 

[icanshootwell]

I would be surprised if he has finance on a 12 year old mower...

Unless he never owned it from new.
My father purchased a 956 once that was 8 years old at the time, it came through a dealership but unknown to them as it was a trade in there was a small amount of finance still owned on the tractor, the dealership did sort it out in fairness to them.

 

[Kezman50]

I mean I do agree with you, I would be very surprised if there was any outstanding finance on it but I think icanshootwell has also proved that these things can slip through the net!

 

[Johnnyboxer]

You can hpi the mower via the serial number
All finance co's will record against a machine serial number
For a road registered vehicle they will also add the reg plate too
However you will need a trade hpi account that only a dealer or finance co has

 

[Andrew]

Are there any ‘supplied by’ stickers on it? Ask the supplying dealer?

 

[Kezman50]

Have indeed asked the dealer to where I’ve been told where it came from and going on memory chap has said yes he thinks they supplied it and he thinks it was paid for outright. At the same time he’s not officially looked it up in their records. Is perhaps to far back....so can you check history on a farm implement?

 

[TripleSix]

Everything through the euro auctions gets HPI checked.

It also flags up issues like if it's been an insurance loss claim etc

 

[Kezman50]

Just an update to this. MF dealer friend of mine, knowing the reputation of the seller strongly advised me to hpi the mower. When I pushed for the serial no, which to be fair should of took anyway when I went and looked at the machine, the line came back that it is on finance! So there you go, 12 yr old machine and he didn’t own it outright. I’d of wrote him a cheque and collected the mower. He’d of stopped payments and told finance company to come and collect their machine.....it currently being with me as I’d borrowed it!
MF Dealer says if I’m still interested in machine try and speak to finance company and ask for a settlement figure, pay him the balance or something.

 

[Johnnyboxer]

See my post#5, easy to hpi any farm implement with a serial number

 

[sawdust]

^^^^^^^^^^^^^^^?????

 

[D14]

We had a bad experience recently where we’d bought a new machine and financed it. After 3 years we weren’t happy with the machine so decided to sell it and buy a different make. We used our own broker to do the finance on the replacement as well as sorting the outstanding finance on the one we were selling. We decided to lump the outstanding amount onto the new machines finance because the rates were so low it made more sense rather than writing a cheque. To make matters easier we stayed with the same finance provider as well so really it was just an internal paper trail. We signed on the line and paid the deposit etc and then claimed the vat back as per normal. In the meantime our old machine was sold to a trader who subsequently financed it so he could put it in his hire fleet. That finance application failed so we then get solicitors letters saying we’ve committed fraud. We were then hassled for a number of weeks even though we’d got our own paper trail of what had happened. It was the finance companies fault as they didn’t allocated the extra funds on our new agreement to the old machines account. So we ended up £800 down because we had to instruct a solicitor ourselves.

 

[Johnnyboxer]

We had a bad experience recently where we’d bought a new machine and financed it. After 3 years we weren’t happy with the machine so decided to sell it and buy a different make. We used our own broker to do the finance on the replacement as well as sorting the outstanding finance on the one we were selling. We decided to lump the outstanding amount onto the new machines finance because the rates were so low it made more sense rather than writing a cheque. To make matters easier we stayed with the same finance provider as well so really it was just an internal paper trail. We signed on the line and paid the deposit etc and then claimed the vat back as per normal. In the meantime our old machine was sold to a trader who subsequently financed it so he could put it in his hire fleet. That finance application failed so we then get solicitors letters saying we’ve committed fraud. We were then hassled for a number of weeks even though we’d got our own paper trail of what had happened. It was the finance companies fault as they didn’t allocated the extra funds on our new agreement to the old machines account. So we ended up £800 down because we had to instruct a solicitor ourselves.

Your Finance Broker should have been able to sort it out for you

The unallocated settlement amount must have been on the bank's system somewhere ?

 

[pine_guy]

Yes, I’d be looking to recoup that £800 from the person/company that had failed to do their job.

 

[D14]

Your Finance Broker should have been able to sort it out for you

The unallocated settlement amount must have been on the bank's system somewhere ?

The broker was getting no where with it because the transaction had just got lost within the finance companies paper trail so basically the finance company stopped talking to the broker. We've invoiced the finance company by recorded mail but as of yet no response and when calling them we are fobbed off. A quick chat with our solicitor suggests it'll cost us about the same to recoup the money so at the moment we are just considering our options. Another one our solicitor suggested is not to pay the last instalment of the current finance agreement to get there attention.

 

[Johnnyboxer]

The broker was getting no where with it because the transaction had just got lost within the finance companies paper trail so basically the finance company stopped talking to the broker.
We've invoiced the finance company by recorded mail but as of yet no response and when calling them we are fobbed off.
A quick chat with our solicitor suggests it'll cost us about the same to recoup the money so at the moment we are just considering our options.
Another one our solicitor suggested is not to pay the last instalment of the current finance agreement to get there attention.

Tricky - you will get the bad credit rating and not your Solicitor

Which finance company?

 

[Farmer_Joe]

its not exacly a bargain at that price, and to be fair im not sure there the greatest mower always loads of them at sales with issues.

just get one from a dealer

 

[D14]

Tricky - you will get the bad credit rating and not your Solicitor

Which finance company?

It would get paid but its a tool to open up discussion with the correct department about the money they owe us.

 

[hintonroadhero]

Just an update to this. MF dealer friend of mine, knowing the reputation of the seller strongly advised me to hpi the mower. When I pushed for the serial no, which to be fair should of took anyway when I went and looked at the machine, the line came back that it is on finance! So there you go, 12 yr old machine and he didn’t own it outright. I’d of wrote him a cheque and collected the mower. He’d of stopped payments and told finance company to come and collect their machine.....it currently being with me as I’d borrowed it!
MF Dealer says if I’m still interested in machine try and speak to finance company and ask for a settlement figure, pay him the balance or something.

Hard to believe that a mower would still be on finance after 12 years.....most companies will have a limit of 7 years max......In many cases, and in my case, the finance company just leaves a nominal sum owing at the end of the finance period.....maybe $100.....this means that when you want to put a new item on finance that there is an account open, so there is no need to make a new application and incur set up costs... that $100 just gets added into the deal.. and on you go. It might be the case that the seller had forgotten to clear it, rather than pull a fast one?

 

[Johnnyboxer]

Hard to believe that a mower would still be on finance after 12 years.....most companies will have a limit of 7 years max......

In many cases, and in my case, the finance company just leaves a nominal sum owing at the end of the finance period.....maybe $100.....this means that when you want to put a new item on finance that there is an account open, so there is no need to make a new application and incur set up costs... that $100 just gets added into the deal.. and on you go.

It might be the case that the seller had forgotten to clear it, rather than pull a fast one?

That's a new one - unless you are talking about a Finance Lease and Secondary rentals ?