When buying a used car, particularly when dealing with private sellers, it's important to check the vehicle's history. Private sellers aren't required to provide key information like accident history or outstanding financial commitments, unlike licensed dealers. The last thing you want is to buy a car and then discover it's encumbered with an unpaid loan, potentially leading to its repossession and your financial loss.
The Personal Property Securities Register (PPSR), an initiative by the Australian Government, aims to protect consumers, especially when buying personal assets such as cars. For a nominal fee of $2, a PPSR check can give you vital details, including any outstanding debts on the used car you're considering.
However, not all PPSR checks cost money. Although some third-party services charge around $35 for an online PPSR check (also known as a VIN search or car history search), there's a free option available that offers up to 5 FREE PPSR car history checks - and with cost of living going up everyday every $2 counts!
A PPSR check is more than just a routine step; it's crucial for your protection. Pay attention to:
You can save that $2 for a PPSR check. Visit the Budget Direct website for up to five free PPSR checks. You'll need to subscribe to their marketing, but it's a small compromise for a free service.
