When buying a used car from an individual, it is important to protect yourself from making a poor investment in the wrong vehicle. Although it is easy to remember that you should have a used car examined by a mechanic, it is equally important to clarify the status of the car's title and if it has been reported stolen. When you need to make sure that the vehicle you are interested in purchasing is worth the price that you are paying for it, the following advice will be very useful.
Check To Be Sure That The Car Does Not Have A Salvage Title
It is important to note that if the vehicle you are interested in acquiring has been involved in a serious accident or disaster that rendered its estimated value to exceed the costs of repair, it could have been scheduled for demolition at a junk yard or similar facility. In some cases, the vehicle would be sold at auction or re-purchased by the previous owner and the car would lose its existing title. It would need to be repaired so that it would again be safe to drive, undergo an inspection and then given a salvage title to denote that it had been damaged so severely previously.
Used cars with salvage titles will usually not have the same value that an otherwise identical vehicle with a standard title would possess. Although salvage titles often allow the new owners to save a lot of money, it is a good idea to be aware of the extent of the previous damage since that information can impact its future value and related mechanical concerns.
Check With The National Insurance Crime Bureau
When buying a used car from a person as opposed to doing so at a car lot, you are likely to know how important it is to get new proof of ownership so that you can register the car as required by the government. Unfortunately, many people today will attempt to sell a car without a title and advise you to apply for a lost title. Alternatively, they may sell the car for parts only, which may also allow them to sell a used vehicle without providing evidence of ownership.
Unfortunately, applying for a lost title is often very challenging if you have just bought the car and have never had it in your name before. In comparison, it is usually much easier for the existing owner to do so. Regardless, verifying that the used car you are buying has not been reported as stolen is always crucial, and it is even more so if you are buying it without the necessary paperwork.
You can check with the National Insurance Crime Bureau to verify that the car in question has not been reported as stolen. All you will need is the Vehicle Identification Number, which is a 17 digit number that can be found on the title to the vehicle. In addition, it is also located on the inside of the driver's door, immediately below where the mirror would be when the door is shut, under the extra tire and near the latch of the open driver's door.
In conclusion, buying a used car can be an enormous investment of your time and money. Therefore, it is best to protect yourself by applying the information listed above. Contact a company like Car Craft Auto Sales, Inc. for more help.Share
25 May 2016
Hello, my name is Veronica. Welcome to my site. I am excited to talk to you about DIY and professional auto repairs. Most of the maintenance tasks on your vehicle can be completed in your own driveway. You just need to right tools and repair manuals to complete the job at hand. Of course, there are plenty of tasks best left to the professionals. As you learn to do your own maintenance, you will start to easily tell the difference between professional and DIY worthy tasks. I will use this site to provide all of the information you need to know about this process. Thanks for visiting.