Importance Of Vehicle History Report

By John Hayden

Buying a brand new car is often what most people aspire, but it may not always be realistic, as it requires a substantial financial commitment and a good credit score. New cars also lose a considerable amount of their value as soon as they get driven off the lot, and hence many choose to take the second-hand route instead. In case you decide to go for the used car for sale option, it’s essential to get the proper background research done beforehand. Here’s a list of all the relevant and vital data offered in a vehicle history to help you make an informed used car purchase.

1. Accident, Collision and Damage Details

This section lists data from collision estimating facilities, insurance information and police reports to inform you of any damage the vehicle has sustained in the past, helping you to determine if it’s the right vehicle for you.

2. Lien Status

The Lien status displays liens registered against the vehicle. It is essential to know about liens because they can be imposed on the new owner of the car if the previous owner hasn’t settled it.

3. Canadian Registration and Branding

It helps to understand where in Canada and the U.S. the vehicle is or has been registered, as well as the status of the car in those jurisdictions.

4. Stolen Vehicle Check

The Canadian Police Information Centre offers data to see if the vehicle is marked as actively stolen.

5. Import Records

The records give details regarding the vehicle being imported or exported between Canada and the U.S in the past.

6. VIN Check

Details about a specific car’s year, make, model, and where it got manufactured comes under VIN check.

7. Recall Check

The Recall check informs if the car has an unrepaired safety recall.

8. Other Records

In this section, you may find the vehicles service records.

There may be extra costs and time involved to obtain a vehicles history report, but it will offer peace of mind in the long term. If you are purchasing a used vehicle from a car dealer, they can likely supply you with a copy of the report. So, when you start looking out for a used car, contact and use their car loan calculator to get the best deal for yourself.

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