The process of buying a secondhand car is unpredictable. For some people, it can be as easy as looking at the car once they transferring the money to the seller or car dealer the next day.
For others, it may mean checking many used cars to see which one is offering the best deal. Everyone will have a different experience when it comes to used car shopping. There is one process that should always be kept in mind though, especially if you live in the west part of Australia: REVs check Australia.
What does it mean to conduct REVs (Register of Encumbered Vehicles) check? The procedure involves extracting information about the vehicle from the government’s database. Its main aim is to protect used car consumers from getting involved in fraudulent car transactions. Because every vehicle in the area must be registered it is quite easy to obtain that information. The process does not take that long either. Too bad, some people skip this important step when purchasing a secondhand car.
What can happen if you skip on doing REVs check Australia? You should know that it is riskier to purchase used car than the new one. When purchasing a new car, you can go to the official dealer. A new car also comes with warranty card and other kits from the manufacturer to ensure its originality. That is not the case with a secondhand car. To know the origin of the car, you have to mostly rely on word of mouth from the dealer or seller. Luckily, since the Australia government launched PSPR (Personal Property Securities Register), there is a way to obtain valid and objective information about a used car.
Skipping this step will increase the risk of purchasing a stolen car. In the western part of Australia (particularly in the Perth area), car theft happens at a frequent rate. The thefts will attempt to sell these cars as secondhand properties. It is harder to track down such a car if the transaction happens person-to-person with buyers being unaware of the cars’ origins. The buyer who does not check the car’s history may end up facing vehicle impoundment. Not only that, but the buyer might also become a suspect of car theft and have to deal with legal consequences.
Another risk that one may face for skipping this step is repossession caused by an unfinished loan. The previous owner may take a loan to finance the car or used it as collateral to obtain a loan. There are guileful people who sell their cars even if the loans on them have not been paid off. It is easy for them to just run away after selling the car while the buyer must bear the brunt of that loan. Some lucky owners are able to keep the cars’ ownerships after proving legal deals. However, it is not rare to see cases where the vehicles being confiscated by financing companies.
REVs check Australia gathers information from the local government’s database (which has now being integrated nationally too). The information includes details of registration, stolen vehicle checking, outstanding finance checking, and insurance write-off record. Since the process is affordable, convenient, and fast, there is no reason to skip it.