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When a vehicle is damaged and the insurer deems it uneconomical to repair, they will write the vehicle off and pay the insured sum to the owner. These repairable write-offs can then be bought by opportunists at minimum price, repaired quickly with possible stolen parts, and advertised at a bargain price to an unsuspecting buyer for a tidy profit. Even though the car was cheaper than the same...
If you buy a car privately which is later found to be stolen, you may lose both the vehicle and the money you paid. Ask yourself these questions before buying a car. Do the IDs (registration number, engine number, VIN or chassis number) match the vehicle details? Is the seller the actual owner? Is the price too good? If you have doubts over these questions, chances are the car may have been...
The Personal Property Securities Register (PPSR) is administered by the Insolvency and Trustee Service Australia (ITSA). It is the register where details of security interests in personal property can be registered and searched. New national rules help protect consumers and businesses from dealing with credit risks and personal property that has existing debt. You should use Information Brokers...
As of 30 January, 2012, the REVS check has been replaced by the Personal Property Security Register (PPSR). It now provides reports about most personal property, including second-hand cars and boats, machinery, crops, livestock and accounts. The register allows access to national vehicle information that was previously unavailable to users of REVS. A PPSR check can tell you if the personal...
