Vehicle theft is rampant anywhere in the world. If you are planning to buy a used car, there is a chance that the car you are buying is a stolen vehicle. With stolen vehicle recovery rates continuing to fall, there are fewer vehicles that are being recovered. If the car you bought is the one being recovered, you could be paying more. This is where REVS can protect you from buying a stolen car and paying possible fines.
How Can REVS Protect You?
The best way to ensure that the car you are buying was not reported as stolen is by doing a Register of Encumbered Vehicle (REVS) check. This service is managed by Personal Property Securities Register (PPSR). REVS check should be a high priority if you are buying a used car. As mentioned, you do not want to be buying a car that was stolen. PPSR is an online register that provides information on certain items being purchased by consumers. If you are buying a used car, the PPSR can help you determine whether the car is:
- Encumbered (has liens)
- Registered, to whom, and where
PPSR Reports have replaced REVS Checks since 2012. It does not only tell you whether the vehicle you plan to buy is financially encumbered or not. It also gives a comprehensive check of all the registered details of the car you intend to purchase. A REVS check offers an easy way to reduce the risks of buying a stolen vehicle. It can give you peace of mind when purchasing a second hand car.
How To Get REVS Check
A REVS check can give you a detailed history of the car you are buying. This is important if you are buying from a private individual. There are reputable sources that can provide you with an independent report. There is no such thing as a free REVS check nowadays. However, you can get a detailed report at an affordable rate.
It is possible to get up-to-date and comprehensive information on the car’s history with a Quick REVS Report. This process is fast and is the most affordable on the market.
A second hand car is still a major investment on your part. Therefore, you have to be careful and take the necessary precautions when buying a car. You do not want to lose out by buying a stolen car. Give yourself some peace of mind knowing that the car you have in mind is safe to buy.