The car most likely to be hiding an insurance write-off and unpaid finance is a Vauxhall Corsa, according to data released today by My Car Check.
The car history company says that 6.25% of all Vauxhall Corsas in SXI AC trim are found to be hiding both unpaid finance and an insurance write off.
That’s followed by 5.98% of all BMW X5 D Sport Autos checked and 4.95% of Vauxhall Corsa S Ecoflex models.
A staggering 39.29% of all Vauxhall Corsa SXI ACs checked by the firm in the last year are found to have been written off in the past.
Head of My Car Check, Roger Powell, said: “Almost half of all used vehicles (46%) have a warning against them, but many have more than one. Over the last year, Vauxhall’s Corsa SXI AC was most likely to have the two most common serious warnings, both write-off and finance.
“Used buyers should note that Corsa models took three of the top five unwanted positions, with BMW X5 D Sport Auto and 520d M Sport also prone to double trouble.”
Vauxhall has reacted to the news by urging secondhand buyers to consider buying through its dealer network rather than from privately or from unscrupulous traders.
A spokesman told Motoring Research: “Corsa was the fastest-selling used car in May, and much of this is down to our own annual Network Q sales, of which 28% – or just over 25,000 cars – are Corsas.
“Obviously, these cars are carefully vetted and buyers will have the reassurance of a completely risk-free car, in terms of write-off and finance history.”
Category D write-offs are the most common on the used market. These have been deemed economically unviable to repair by insurance companies (when taking costs such as courtesy cars into account), while category C write-offs would cost more than the value of the car to repair.
Category B write-offs should never be repaired and used on the roads, although parts can be salvaged, while category A write-offs should be crushed without any parts being salvaged.
Powell added: “Even leaving the safety aspect aside, previous write-offs should cost a lot less than a like-for-like non-accident-damaged vehicle.
“If you buy a car with outstanding finance debt it could be repossessed by the legal owner, the loan provider, leaving you massively out of pocket. For the price of a few litres of fuel, we help consumers avoid such costly mistakes and give them confidence that they’re making the right decision.”