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Why is a PPSR report needed when buying a used-car?

POSTED ON OCTOBER 08, 2021 BY JEMI

When customers make a decision on purchasing a used-car as usual they make sure to set a budget, think about the maintenance costs, apply for issuance, do a pre-purchase vehicle inspection, etc… but there's one more step customers ignore and that is by performing a used-car search on the Personal Safety and Social Responsibility (PPSR) A PPSR allows the customer to know the used-car whereabouts such as:

  • If the car has money owing on it.
  • To whom the car was previously written on.
  • If it has been reported stolen before.
  • Information recorded under the VIN (Vehicle Identification Number)
  • If the vehicle is part of any compulsory recalls and has not been repaired.

This information is must known by the customers especially when they are purchasing a vehicle from a private seller ignoring a PPSR search that can lead to potentially complicated things. (For example, if the customer purchases a used-car from a private seller and doesn't do a PPSR search, customers will not be protected thereby any security interest registered against the car will be enforced) but by purchasing a PPSR report customers will instantly know if the car has security interest remaining on the vehicle. A PPSR report is only for $5 in ChecknBuy.com.au and can be purchased from the website. All the customers need to do is to provide the vehicle's registration number or Vehicle Identification number (VIN) by doing a quick PPSR search will show the customer if a security interest has been registered against the vehicle, and help the customer to identify if the used car is stolen or not. Consider doing a PPSR search on the day or the day before you intend to purchase the car and ensure to receive the certificate.

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