Purchasing a used vehicle can be a long and stressful process. Buying a car and finding out afterward that it is a stolen car can be very strenuous – not to mention very costly. You might be astonished to find out stolen vehicles can be sold to unsuspecting drivers in a number of different ways and localities.
First of all, it is necessary to study a VIN-number of a used vehicle. If you want to know everything about a car’s past, you can check what you are interested in on the FAXVIN website and not have to deal with any kinds of problems later. This test will help you find out all the essential information about it.
If you buy a cleared car from abroad, you can check its foreign history. You will be able to see the entire history of a car, including thefts and police reports of incidents involving this car. To prevent an illegal change of ownership, people should trace this information in recent years. That’s what you will need:
- Vehicle identification number
- Information about the make/model of the vehicle
- Online registration
- Car dealer
- Website for VINs checking
Information About Possible Accidents
You can find out about possible accidents and damage that had happened to your car if you consult specialists. All you need is just to drive your car to a specialized technical inspection service. There you will know if the body components have been changed if there have been serious repairs of the undercarriage or engine, which parts remained original.
Police and insurance companies will help you too. Their databases should have all the information about your car specifically – whether:
- it had ever applied for insurance payments;
- the police had been called to the site of an accident because of this car;
- the vehicle had been stolen and a lot of other information.
Look into the engine compartment. If there is a spot that has been done by a core, then there have been some troubles with the car in the past. The spot is applied during repair under the insurance situation. It is not necessary that it has had a crash. Perhaps it belongs to the category of “drowned” or stolen vehicles.
And of course, if the seller had a service book, then you can get some information from it. But it is true only in the condition that the former owner conducted all inspections and repairs in a specialized technical service of a company.
How to Check Whether the Car Is Mortgaged or Not
Here you should be alerted if there is a license duplicate of a vehicle in question. But not all banks take the original license, so it’s not a 100% guarantee.
Another suspicious characteristic of a car is its frequent change of owners. Several owners in one year should alert you a lot. There is a possibility that when buyers learn about the mortgage, they immediately resell the newly bought car.
Be sure to ask the seller for documents certifying the fact of payment for the car. They can be a contract of sale, a check or a cash receipt from the salon.
Banks that issue car loans require the registration of insurance policies in most cases. If the seller has such a system, ask them to show it. Pay attention to the column “Beneficiary,” that indicates the recipient of the insurance compensation. If there is a bank, the car has been loaned.