If you are considering buying a used car, one thing that can give you more confidence before parting with your money is a vehicle history report. This important document will tell you everything you need to know about the particular car you are interested in buying.
Though you can get some of these reports for free, they will not be extensive. They will cover just basic things which in the end, is of no value to you. As they say, you get what you pay for and when it comes to buying a car, you really need good information. The proper information is something you need to pay for but it will be worth your while.
Run a paid version of a vehicle history report and you’ll find out everything you need to know, so let’s look closer at this.
1. What’s This Report?
A vehicle history report is a document that tells you about the history of a specific car. In fact, it can tell you about other vehicles too, like an RV, truck or even a boat, but let’s concentrate on a car here. It is sometimes called a VIN (vehicle identification number) check or lookup. In order to run a vehicle history report, you will need the VIN, which every car in the world will have. Some companies will offer this for free, but the best and most in-depth ones need to be paid for.
2. This Is What It Tells You
A VIN check tells you a lot about the car you are interested in. Some of these details include previous ownership, liens on the car, title and accident history, faulty odometer settings, car maintenance, flood damage, airbag deployment and other essential information. Past ownership can tell you how many owners this particular car has had. Liens on the vehicle could result in the car being repossessed if the loan is still outstanding.
The accident history will also include flood damage and obviously, accident reports. A title check will tell you if the car owner is the actual person selling it. Sometimes, a seller may tamper with the odometer and turn it back. This gives the impression that there’s lower mileage in the hope of increasing the sale price. A VIN look up will let you know if this is what’s happened.
3. It Can Help A Seller Too
While the vehicle history report is more important to the buyer, and most people who purchase the VHR are in fact buyers, there is no reason a seller cannot purchase one either. As a private seller or dealer, the report can help you sell the car.
For example, if the report contains nothing that is questionable or suspect, then imagine the confidence this will give the buyer. It can help sell the car faster and get the price you are asking for. Even if there was something negative in the report, you can find out what it is and explain this to the potential buyer and this transparency can work in your favour.
4. Eliminate the guesswork
Investing in a vehicle history report will take out any guesswork or hesitancy you may have when you’re considering buying a used car. Any major accidents or repairs will show up in the report and if it does, you know that it is not going to be worth investing any more time or money on this car and allows you to look elsewhere.