Quote Me Today

Quote Me Today

July 29, 2011 01:00 ET

Carefully Check for Clocked Cars Say Motor Trade Insurance Specialists Quote Me Today

LONDON, UNITED KINGDOM--(Marketwire - July 29, 2011) - Leading insurance providers Quote Me Today are cautioning motor traders of the effect that selling or buying clocked cars can have on their insurance policy. The latest figures from HPI Checks saw that there was a rise in the amount of clocked cars in 2010 meaning anyone working in the motor trade industry should ensure that they are vigilantly checking if a car has had their mileage clocked before buying or selling the vehicle to avoid facing any costly insurance claims.

The report from HPI Checks found that the cars most at risk of having their mileage clocked are compact executive cars and luxury cars. Family cars are also at a high risk of being clocked. The danger of buying or selling clocked cars cannot only damage a trader's reputation but also leave the trader at a financial loss due to the car being unsellable.

Unscrupulous traders turn back the mileage on a car to boost the price before selling it on to other traders. The trader who buys the clocked car will then find they are unable to make a profit due to the car's fraudulent mileage.

HPI Checks advise that it isn't just dishonest traders who partake in clocking cars. With the ease of buying tools off the internet to clock mileage, traders could be at risk of buying a clocked car from anyone.

As specialists in motor trade insurance Quote Me Today are warning traders that if they sell a car with clocked mileage, then their insurance policy may suffer with expensively high premiums if the buyer puts a claim against that trader.

A spokesperson for Quote Me Today said: "It is important that motor traders consider all risks when buying or selling cars, selling a car with fraudulent mileage can seriously affect the traders business so a cautious approach is vital. The same careful approach should be taken when choosing the correct motor trade insurance as the policy must match your needs suitably."

Quote Me Today know that every motor trading business is different, that's why each policy can be uniquely modified to your insurance requirements. To get a quote today or for further information on motor trade insurance please visit www.quotemetoday.co.uk.

About Quote Me Today

Quote Me Today is a Kent-based broker with years of experience in providing risk solutions for both the personal and commercial lines markets. In an industry where competitive rates, risk knowledge and customer confidence are essential, Quote Me Today offer these through a panel of insurers with a wealth of industry experience. Their relationship with these insurers allows them to quote competitive rates coupled with professionally tailored cover which provides the edge in placing your business at the right price without prejudice to your policy requirements. Visit their website at www.quotemetoday.co.uk/ for an instant quote.

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