How to find out if a Vehicle has been wrecked
While you can save tons of money purchasing a used car, it’s still a scary proposition. Every year we hear stories about people purchasing used cars that have actually been in major collisions. To be honest, it’s easy for auto rebuilders to fix these vehicles up and put them back into the circulation. Unfortunately, we’re the ones that have to deal with the long term issues.
If you want to look at it on a financial standpoint, the cost to fix it is greater than its value. If this happens then the insurance company will consider it a total loss. If this happens to you, the amount paid will be equal to the value of the car before the accident. Once this transaction takes place, the car is sold at a salvage auction. Then again, you can keep the totaled vehicle. Whatever the case may be, these get fixed, and then are sold for full market value.
It happens all the time, which is why you need to take the proper precautions when purchasing a vehicle. While we could go over several different scenarios, just take a look at a few examples below.
Read over the Title- While you won’t find too much information regarding the history from a title, there are words that can give you an indication. For instance, “scrap,” “parts only,” “unsalvageable,” and “cannot be rebuilt” are all red flags.
In order to do this simple check, we recommend using the National Motor Vehicle Title Information System (NMVTIS). You’ll be able to enter a simple VIN number and get all kinds of helpful information. Whether it’s the odometer reading, if it’s been reported stolen, or if it was considered a total loss you’re going to know. In order to do this you can visit the NMVTIS at nmvtis.gov.
Inspect the Vehicle- This is extremely important, and it shouldn’t be someone you know. Have a person that is certified in collision repair take on this task for you. They’ll be able to give you the telltale signs that could involve a faulty vehicle.
Ask the Seller- If they are truthful, asking the seller could be the easiest option. However, there are times when they just want to sell the vehicle so it could become difficult. Even though this could be helpful, we still recommend researching the vehicle as much as possible.
Get a History Report- One of the best things you can do is getting a history report. The two best places are CarFax and AutoCheck. They will offer up all the dirt on any vehicle out there. Unfortunately, not all problems are reported to the state licensing agencies.
Just make sure you’re as thorough as possible when researching a vehicle. All the tips we’ve given you today should help you get an inside look at the history behind the car you’re interested in buying. In order to keep yourself safe, document all your research and conversations you have along the way. If there are any issues you’ll already be able to present a case if it goes to court.
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