Press Release Summary = According to the data received from HPI, an automotive industry information providers, super cars and luxury cars are more vulnerable to crime.
Press Release Body = According to the data received from HPI, an automotive industry information providers, super cars and luxury cars are more vulnerable to crime. Since borrowers get car loans to purchase them, lenders money is always at stake, it is important to buy insurance policies to cover the risk. HPI database reveals that family and executive cars are very attractive which makes it more susceptible to theft.
London (adverse-credit-car-loans) June 07, 2006: Car dealers have been given a warning since all the vehicles are vulnerable to crime, it has become imperative to insure cars because they have been bought through car loans and capital of borrowers and creditors are at stake. According to new data from automotive industry information providers HPI, super cars and luxury cars are vulnerable to the crime. Family cars, city cars and executive cars all are gorgeous cars with opulent accessories which makes it susceptible to theft. Thus, it is necessary to buy insurance policies for them. The function of database is to check if vehicles are stolen, written off, have debts or if they have mileage discrepancy.
Daniel Burgess, automotive director, said that luxury and performance cars are at high risk .Other result of database points out that performance cars are, more expected to be written off than family cars. Family cars show mileage discrepancies on a regular basis.
However, car insurance will protect dealers, lenders and consumers against all probable crimes because a considerable amount of money through car loans are in danger.
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