PPSR, helping you avoid vehicular purchasing problems
Oftentimes when a person buys a vehicle, especially a pre-owned vehicle, there are a lot of things to check and consider before purchasing occurs. There are a lot of factors to check in order for a potential buyer to decide whether the vehicle in its condition is suited to his or her taste.
While the mechanical and engine issues can easily be found and resolved by taking the car out on an intensive test drive to go through all the paces of every day driving, the exterior issues can also be easily spotted by taking a closer look at the vehicle. While these issues may be easily spotted, there are a few underlying issues that may not be detected until it’s too late and these issues are mostly written on paper. Finding out these issues is as easy as getting a PPSR search for the vehicle.
Nothing is hidden with PPSR
As with all new vehicles, they are registered to the PPSR database or the Personal Properties Security Register wherein all the following details pertaining to the car are continuously updated. So, if ever you’re planning on buying a pre-owned car, you can simply request a PPSR check from CheckVIN to make sure that everything about the car is updated, payments and all since most of the time, these are the only issues one would run into when buying pre-owned vehicles.
Make sure that you’re not paying for the outstanding balance
There are cases wherein a person buys a car usually out of impulse and as time goes by, they discover that they cannot financially handle paying the monthly bill for the car alongside all their other bills and they decide to sell the car, not fully paid. When this happens, a simple PPSR check will show the potential buyer how much the previous owner still owes the dealership as well as protecting the potential buyer from future visits from the repo agency if ever he or she decides to buy the pre-owned vehicle without knowing that there’s still an outstanding balance left for the car.
Of course they would go after the buyer and not the previous owner since the ownership rights have been transferred to him or her and it is their name that’s on the registry of the vehicle.
When someone comes up to sell you a nice looking car that runs like new at a mind bogglingly low price, it sometimes might just be too good to be true and oftentimes, it is. It’s somewhat a bit shady and suspicious for someone to sell a brand new looking car at a very low price, most of the time, these cars have been stolen and the perpetrators are looking to dispose of it and make fast cash, at the unsuspecting victim’s expense of course. Whenever you find yourself in this situation where the offer might really be tempting, it’s for the best to check the PPSR registry of the vehicle first before pulling the trigger because for all you know, the vehicle might not match the plate number and the vehicle is in fact, stolen.
Getting a PPSR check for a pre-owned car you are keen on buying is important as it might save you from all the hassle of dealing with hidden issues left by the previous owner.