In today’s present trend, there are many people who have either an old or new car based on their earning income. Also, not all buyers will give importance for vehicle history check or worry about spending any money. In case you wish to eliminate any risk factors on your car buy ensure that Revs check or know everything before you buy & get safe. REVS checks & PPSR reports are important aspects of purchasing a used car. They are referred as VIN checks. However, unfortunately, lots of people have not heard about it. Here we will tell you everything that you have to know about the important steps that are used in your car buying procedure; what they are or why they are so important, or how you can get it done.
What’re REVS CHECKS?
The REVS check is an obsolete check that people have to do while buying any used car. This was the free check, which allowed the prospective buyer to know if there was the financial encumbrance linked to the car. Over last some years, REVS check is replaced by PPSR report. It is the detailed document, which gives you higher insight in your vehicle’s history. For such reason, PPSR report is called as the “car history report”.
As REVS checks are what a lot of people look for — and only because what they have is relevant — we will look in to it in complete detail. Remember that some website do offer free REVS check even now.
What is REVS?
Register of the Encumbered Vehicles or REVS is the government database, which records complete information on the vehicle that includes if they have financial encumbrance on them. The REVS check, and resulting report, generally shows you if there is any outstanding loan and payments linked to the car that you are interested to buy.
Suppose you are thinking what encumbrance is, here is the simple description. The encumbrance means money is outstanding on the car and has not been paid off. The debts can have come about as loan was taken to purchase the vehicle or it was used as the collateral in the loan application.
It is very important to see that vehicle itself should be tied to money in certain way, as collateral for loan, or subject of a loan. The car that is purchased with the money taken from the home mortgage, for instance, is not encumbered — in such case, house is collateral and not the vehicle.