Information about Vehicle History Reports – what they are, how they are used and how important they are when buying a used vehicle.
A vehicle History Report is essential when shopping for a used vehicle:
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Check if an accident has been reported
Confirm the reported mileage
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Next to your home, the purchase of a vehicle is probably one of the most expensive items you’ll ever buy. When buying a used vehicle, it can be a challenge to determine if the vehicle you are considering to buy (a reliable vehicle that will last for years) is exactly what you’re going to end up with.
Here’s some questions you should ask yourself:
How many people have owned this vehicle?
Has the vehicle ever had a branded title (e.g., junked, salvaged or rebuilt)?
Has the vehicle been damaged by floods, fires, hail or other natural disasters?
Has an accident ever been reported on the vehicle?
Is the mileage on the odometer accurate?
Has the vehicle ever been recalled?
Was the vehicle used as a service vehicle (police vehicle, taxi, rental, etc.)?
Has the vehicle ever been sold at auction?
Was the vehicle ever repossessed or stolen?
Is there a lien on the vehicle?
Title and Problem Check
Any issues with the vehicle’s title will be presented on the vehicle History Report. For example, if the vehicle has a salvage or junk title, it will be reported. Title brands or odometer problems will also be on the history report.
Odometer Check can report on the instances on record where the odometer reading was reported. Any reported odometer reading that is out of line with what is expected will be flagged for you.