If you are buying a used car, it is best that you ensure yourself that you are getting a car that won’t give you headaches and unwanted problems.
Whether you are buying a vintage car you have been dreaming of, or a cheap car around the marketplace but still looks in firm condition, then it is best that you have all your facts with a Personal Properties Security Register or PPSR check.
When buying for a used car or second hand cars, you will never know the physical background of the car. Whether it went road crashed, road offense, or it still has financial encumbrance from the old owner. If so, you might just risk losing the car that you just have paid for. Or worst, spend twice than you have paid it for.
What is a PPSR Check?
A PPSR or Personal Properties Security Register check is a government initiative designed to protect consumers most especially for private owners or private sellers.
Doing a PPSR is your only go-to for registering your business security interest over property, and for making extra sure that you are purchasing the whole title and ownership of the said property. It is the only service that can tell you whether or not a vehicle is recorded as “encumbered”.
How to Do PPSR Search
Private car sellers are done at the buyer’s risk. So you have to make sure that a PPSR is used to make sure you know what car or property you are getting.
The ideal way to search the PPSR depends on what you’re looking for. You can have this points below as a guide.
- Search by the grantor
The grantor is an individual or organization whose property have security interests. If youre offering someone a loan, investment, or used property, it is a good idea to check whether the grantor has ay security interests. You can search grantors by name, ABN, and other information.
- Search by individual item
Motor vehicles, aircrafts, boats, and other properties can all be individually searched in different ways. Such as VIN checking or chassis number for cars. Serial number for boats or or patent number for property.
- Search by PPSR number
However, if you want to find a specific registration, you can simply look up the PPSR number. You may go to www.checkvin.com.au to check all the important information you are looking for. Vehicle PPSR and REVS check certificates are available instantly online and sent to emails.
You can easily do a PPSR check and assure yourself with all the information you needed for your new car or property. It is absolutely wise to be careful and sure than be sorry later.
