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Michael Owen General manager Commercial Vehicle Finance Basingstoke, Hants As
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Page 39
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a specialist in CV finance, Michael Owen welcomes any changes that will improve 0licensing monitoring as well as administration: "We have to check everybody's 0-licence. If we don't and then there's a problem, the licensing people can sell the vehicle and keep the money."
Every applicant for finance is checked online to see if they have an 0-licence: "We won't pay out if they say they have just applied for it, although lots of other companies do. We also ask for proof of an 0-licence if they want finance
for a trailer because if you want a trailer; you must have something to pull it.'
Owen welcomes the scrapping of the 28-day grace period. Company policy is to refuse finance to anyone who buys but insists on notifying the Traffic Area Office at a later date.