When purchasing a used car, you have to be very cautious and on guard, or you may end up getting scammed. Many different dealers are looking to trick an unsuspecting buyer into buying something that is not worth te money they pay. Hiding information is one of the most critical elements of pulling off such scams.
There are multiple things that may be a red flag when it comes to buying a used car. However, most sellers are cunning and try to cover any flaws that a vehicle may have. Not only this, but things like past accidents and any shady ownership of the said car.
When buying a car, even a used one, you are making a fair amount of investment. You would not want it to be on something that does not have value. A lot of the people get tricked by the shiny exteriors, and the dent job was done well. To their dismay, they only find out other issues later. While you can have a thorough physical examination and test drive, you may still miss out on somethings. While these things may not mean that a car has significant flaws, it may still mean that the seller is jacking the price up and asking for more than what it is worth.
In such scenarios, one thing that can help you out to a great extent is the vehicle history report. Here in this article, we will cover the vehicle history report and how it can help you make a better deal.
What is the Vehicle History Report?
As the name suggests, a vehicle history report is a detailed report that provides you with a thorough history of the car you are about to buy. You may know about the VIN or vehicle identification number. It is a unique code that is given to each vehicle. No two cars can have the same vehicle identification number, and so the vehicle history report is also generated against this ID. This ensures that there is no foul play.
This report contains all the documented things about the car, including any accidents that the car may have been in, any major maintenance changes that the vehicle underwent, and all of the ownership details. It gives you all the information on the car that can help you make a better-informed decision while buying a used car. For example, if a vehicle had undergone significant maintenance, you will know how reliable is it and how it will affect you in the long run. This also gives you more specific metrics to judge the value of the used car. While there are different algorithms for fair pricing of used vehicles, you will know if you are making the right deal using the information on the vehicle history report.
A vehicle history report is just as important as taking the car out for a test drive. While you may think that driving the car will give you a better idea about the car’s condition, the vehicle history report can be a real eye-opener. By checking out the vehicle history report, you can call out the seller on any fraud that they might be trying to pull off or negotiate the pricing based on these details.
Reasons Why A Vehicle History Report Matters
Information About Accidents
Vehicle history report providers gather information about the car from all kinds of different databases, including the DMVs. By running the car’s vehicle identification number through all these different databases, they can learn about any accident history that your car might have. Usually, this history covers any serious accidents that may have compromised the structural integrity of the vehicle. Sometimes, they can even have the details about specifics parts that were repaired or replaced. Other times, they may only tell the severity of the accident but not the specifics. Either way, you can ask the seller about the details and cross-question them to better prepare yourself for what may lie ahead if you buy this vehicle.
Once you have learned about any damages and accident history, you can hire a professional mechanic to better assess the car, which may have seemed fine during the test drive. It is a red flag if the owner acts suspiciously about the history. Otherwise, depending on what your mechanic assesses, you can still go on with the deal.
You can also ask the previous owner about the details of repairs, which will lead you to better judge the conditions. If the repairs workshop is well-reputed, you will know that you can trust the repairs. Otherwise, you may have a hefty repairs cost coming your way.
Similar accident history, vehicle history report also covers the details about any damages due to natural causes like floods or fire. This will also alarm you about the car’s condition. Fire, flood, and other such natural disasters cause great damage to the car. The car’s structural integrity may be compromised to the extent that it poses a threat to you in the future.
The vehicle history reports also help you in making this decision. It contains a section of title history that can tell you if the car was marked as a lost cause after an accident or damage.
A used car with a lower number of previous owners is generally valued more than a used car that has more previous owners. Typically, the most preferred used cars are those which only have a single owner. This saves you from a lot of uncertainties about the car.
Using the car’s VIN, the vehicle history report can tell you all about the car’s previous owner. Not only does it tell you how many owners did the car have but also if they were in some other states. You can feel a lot more comfortable with a car that has only been in one state and has a clear record.
Moreover, if a particular business owned the car, it is very likely that it has been in use by different people over that period of time. This indication on the vehicle history report will indicate that you need to assess the car better and thoroughly.
A vehicle history report also contains different records of the mileage of the car. These mileages are made a part of the information during a change of ownership or a major repair job.
Mileage plays an important role when it comes to deciding the value of the used car. A less driven car with no other issues is considered to be of more value. This is a good enough reason for the seller to cheat. There are ways to make your odometer show a lesser mileage. However, the information on the odometer should be cross-checked with the vehicle history report to identify any unusual and suspicious mileage differences. For example, if the odometer shows a value less than previously recorded on the vehicle history report, you know the seller is a scam.
These three reasons are why a vehicle history report matters. However, the vehicle history report can tell you much more about the vehicle, including the maintenance reports, where it has been registered, etc. In conclusion, it helps you a great deal while deciding on buying a used car. Always make sure that you check the VIN against which the report is generated. We hope you find the right car for yourself at a fair price.