Buying a used vehicle for your road trip could be a worthwhile investment. When beginning your search for a used vehicle, you should be able to do so with a full range of information at your disposal. A common mistake many buyers make is not carefully researching the specific vehicle they’re buying, instead only relying on reviews of the make and model to move forward with their purchase choice. The vehicle’s unique history can provide you with significant information on its long-term value, and so this blog post will examine five elements for car buyers to consider when evaluating a vehicle history.
1. Its Collision Record
Each collision a vehicle is involved in has its own police and insurance record. When reviewing the vehicle history, sellers should be able to provide you with full information on the number and extent of collisions the vehicle has been involved in over the past years. Carefully take a look at vehicles that have been through a number of accidents. A large number of collisions on a vehicle history suggests the car hasn’t been taken care of well by its past owners. It also suggests that there could be underlying damage to the structure of the car that was not resolved when repairing the initial collision damage.
2. Potential Fraud
In buying vehicles, a complete vehicle history must be provided in order to mitigate the potential for fraud. Vehicle sellers without a full and complete vehicle history don’t have the information to show that they legally own the car. This means that if the information isn’t provided during the completion of the sale, buyers must work harder to determine the legality of the vehicle’s ownership. They might have to look through manufacturer information in order to ensure they are moving forward with a legal purchase.
3. Insurance Pricing
The vehicle’s history can influence the pricing that buyers pay for their insurance. When buying used vehicles, some buyers may be asked to provide specific vehicle information by their insurance company. This not only means they must supply the make and model number, but also the past history of the unique vehicle. Any damage to the vehicle upon purchase or a lack of specific information on the vehicle’s history could lead to higher insurance costs. Buyers should work with their insurance companies during the purchase process to mitigate rises in insurance once the process is completed.
4. Its Mileage
Recognizing the value of the car can ensure that buyers save thousands of dollars in the long-term. The mileage of a vehicle is a key indicator about its value and the potential years of roadworthy performance it has left. Paying close attention to the mileage and comparing it with the average mileage for a make and model of that vehicle can be give buyers an idea on value. While vehicles are no longer unsuitable for the road after 10,000KMs, there is a point at which maintenance becomes more frequent and so buyers should ensure they try to balance total cost with higher mileage levels to limit their expenditure.
5. The Title
The vehicle’s title should be provided with its history. The title will tell buyers whether the vehicle has been written-off by insurance companies and whether there are any liens against it from financial firms. With a clean title and with a full history backing their purchase, buyers can then make a decision with all the available information at their disposal.
Examine each vehicle’s history closely and consult with the VIN decode experts if you have questions or concerns before completing a purchase. Remember that taking time during the purchase process can now save you thousands of dollars over many years to come.