What A Vehicle’s History Might Say About Your Cars Value?

An important step to buying a new vehicle is to check for the vehicle history and performance. While most people know why checking the performance is important. Others do not know why people should check the history of the vehicle before buying them. The vehicle history is like peeking into the past of the car before buying it.

What Your Vehicle’s Car History Might Tell You

Accidents

Accidents are a part of driving. Most of the car owners or passengers have been in an accident at least once in their lives. The vehicle history helps you collect data from the motor vehicle department to determine the chances of accidents with the car. You can check data from the car insurers, collision repair shops, law enforcement agencies, and several other important departments to verify how many accidents the car was in.

If the car you are about to buy has damages listed in any of the departments mentioned; it is best to proceed with caution, do not buy it.

Other Damages

Not all car damage comes from road accidents and collisions. There are several other scenarios like fire, flood, or hail damage that can damage a car. We know that hail damage is solvable but it is better to stay away from it completely. You can always find better cars if you look around, so do not limit yourself.

Stolen Cars

One of the biggest threats to buying cars is the stolen car status. You would not want to invest money in a car not having a proper status. The vehicle’s history report can help you determine the status of the car. You can also check out the National Insurance Crime Bureau (NICB) to check if a vehicle was ever declared stolen but was never found again.

Title History

The title history is what the car classifies as because of its condition and what it has gone through. You can find out if it is a branded vehicle; a branded title means that the car needs a lot of work and repairs. The car may also have a salvage title. It means that an auto insurance company might have declared the car unfit for repair. You can find this in the papers because the car will still have the salvage title making it a red flag if you are looking for a car with no problems

Sale History

If you are about to buy a car that had multiple owners; the vehicle history is a great way to determine the past owners and their car use. You can view the number and type of owners that the car had in the past, helping you determines the current condition of the car in a better way.

Loan Status

You can also look at loan dues, payments, and loan-related history in the vehicle history document. The loan status helps new buyers determine if they would need to pay an additional amount to even out the loan when they buy it. Thus, helping form a much clearer image.

Odometer Status

You can also calculate the mileage (the number of miles the car drove) with the odometer status. You can always compare the values of the odometer on the dashboard with the mileage in the reports to decide if the car is genuine. If the seller does not have a clear and concrete explanation in case of difference; do not buy the car.

Conclusion

The vehicle history plays a vital role for buyers and sellers during their deals. It helps determine the condition of the car in a better way, and decide a price for it accordingly. We always suggest going through the vehicle history thoroughly, if you wish to save yourself from future trouble. We hope this guide helps you, ensure reaching out to us if you need more information on the topic!