You’ve finally found the perfect car. It’s got all the features you want, drives like a dream and is almost the right price. Now all you have to do is negotiate your way to a bargain and then drive off into the sunset in style, right? Wrong!
Reviewing a vehicle’s history can be the difference between Buyer’s Remorse & Buyer’s Rejoice, here are the 7 Shocking Reasons why:
- Lemon Law Claim
The federally mandated Magnuson-Moss Warranty Act/aka “the Federal Lemon Law” regulates that consumers can prosecute when their products that don’t live up to their warranty claims (including cars). Vehicles that are reclaimed after a judgment can be resold, without the buyer ever knowing that their dream car was recently someone else’s worse nightmare. But this information can be revealed in a vehicle’s history report, ensuring that you don’t buy someone else’s “lemon.”
What this changes: You get an opportunity to avoid a car could have serious, unfixable problems.
- Car Accidents
Accidents happen. But when they happen on the road, the damage can fundamentally change a vehicle. Did the airbags deploy? Were they fixed properly? Have the repairs been completed by a certified facility? What about the body shop? Was it legit or someone’s cousin with a crowbar? These answers can often be found a vehicle’s history report.
What this changes: Fully informed, surprise-less car buying.
- Flood Damage Title
Hurricanes Katrina, Sandy, Andrew– residents of Florida, Louisiana and New York know these names all too well. But if you live in Oregon, you probably don’t worry that much during hurricane season. Even if your dream car has in state plates now, you still need to know where it’s been. Its history report knows the truth and so should you. Because in a vehicle, flooding can wreak havoc on everything from the electronic system to creating a serious health risk due to mold.
What this changes: Flood damage should be a deal breaker.
- Car Ownership & Title
She looks like she owns it. It has her stuff inside—everything from the steering wheel cover to the rhinestone license plate frame. It has to be hers right? Well, sadly not everyone who drives a car is legally entitled to sell it. Make sure you’re giving the money to the rightful owner, so you don’t get hunted down by somebody’s angry ex-boyfriend before you get the title.
What this changes: A transparent, factual sale that ensures who you pay is indeed the rightful owner.
- Open Liens & Loans
Often a bank needs to be repaid during a transaction. Many of us expect that. But now, with the popularity of title loan companies, a vehicle can have loans against it you aren’t even aware of. You want to ensure you know who really needs to be paid before any money changes hands. Loans need not be a deal breaker, but you want to be sure that all commitments are completely disclosed in case the dealmaker conveniently forgets an obligation and holds up the title transfer.
What this changes: No one will chase you down for unpaid loan after the sale.
- Odometer Readings
The car looks great. It drives like a dream. One owner, one shop, one garage, how could this be bad? Over 500,000 cars are sold annually with false odometer readings. Not only is this practice illegal, but if a vehicle’s mileage isn’t properly recorded, it isn’t likely to have received the appropriate servicing. Most importantly, if its accurate mileage is unknown, its true value is also unknown.
What this changes: The owner is a felon. Time to move on…
#1. It’s Free!
Finding out that the car you were about to buy has some skeletons in the closet can be upsetting. It can often be deal breaking. But it can also be empowering, reassuring and probably the best defense against buying the wrong vehicle. And since the service is free, it is undoubtedly money well spent against what could be a very expensive mistake.
What this changes: Everything.