UV4 - Value Manipulation (Negative Equity)
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Purpose of Report:
To identify all deals where the customer has negative, or no equity in their part-exchange. These situations are the most commpn that result in manipulation of the vehicle values to satisfy the minimum fiance company deposit requirement.
The deals identified by this report should be examined closely, including a comparison of order forms and sales invoices with finance proposals and agreements. For sales on HP the supply is to the finance company and the transaction details notified to them must agree with those declared to HMRC. There no exceptions to this rule.