Buying a car is always a complex procedure because you need to: decide on the price, brand and model, equipment, color, and many other little things. Someone can afford to buy a car from the salon, and those who do not have such financial opportunity consider the purchase of a used car.
Buying and selling used cars has an advantage over buying from showrooms. If you make a portrait of the buyer of the used car, then we can say without a doubt that the vast majority are those who, due to their financial capabilities, can not afford to purchase a new one.
Such an agreement may have many hidden nuances that the seller deliberately hides from you, or does not tell. To avoid suspicious deals, one can order the Texas plate check, if the car is bought in this American state. In particular, you will be able to get information about the hidden nuances that the previous owner may hide from you:
For example, the former owner could take a mortgage on real estate, and pledge an auto as a guarantee of fulfillment of his obligations to the bank (another person). In the appropriate register, there will be a ban on selling this vehicle until all obligations under the mortgage agreement are canceled. If the seller did not warn you about it, you can get such information from the VIN report. It is better not to neglect this opportunity and get the information in advance before transferring funds. In case of insolvency of the seller under the contract in which the car is collateral, the car will be seized with further alienation.
When the auto is arrested, it means that the stage with the pledge has passed and in this case is not successful for you, if you did not have time to abandon the agreement and transferred the funds to the seller. You may have already purchased at the stage of arrest, so you have every chance to lose the car.
A car can be purchased on credit. On the day of purchase, the loan agreement may be valid and have overdue payments. Such a car cannot be bought/sold without the consent of the bank, and it will not be possible to register it in your name until the repayment of all obligations to the bank. The seller can make sure that the loan has been paid with the help of a VIN check.
The auto can be sold not by the owner, but by fake documents presented. In the absence of special knowledge and access to databases that contain such information, you will unlikely notice the difference. The comprehensive VIN check will help you to figure out all the details.
The car can be stolen or brought from abroad and to avoid customs clearance and taxes/fees, the owner finds a similar brand, model, and color of the car makes a duplicate license plate, and forges a passport. It is impossible to distinguish a duplicate car from the real one without checking the databases.
It is impossible to describe all sorts of schemes and nuances that may occur in practice. We have mainly described the most common ones. Since in such a pseudo-purchase the right of ownership does not pass from the old owner to the new one, the real owner has the right to use his property at his discretion: donate, sell, rent, and so on. So, don’t neglect the opportunity to make a comprehensive VIN check before the purchase and enjoy your car!