How does a PPSR check in VIC work?
A PPSR check in VIC is vital to ensure you're not buying a vehicle used as security on any loans.
With private vehicle sales in Australia, the seller is not obligated to tell you if the car is being used as security on any loan.
For this reason, the buyer should obtain a PPSR certificate that will show if a lender has a lien on the vehicle.
Car loans are popular in most states of Australia, so it's not uncommon to find a vehicle for sale that is being used for security.
However, it is the purchaser's responsibility to make sure the loan is cleared before taking possession. The PPSR certificate will show you if anyone has a lien on the vehicle, and you can then request the seller to provide details about the loan and a pay-out figure.
The PPSR check in VIC will also provide you with the vehicle's registration details, including when it expires.
As most Australian states have done away with rego stickers, completing a VIC rego check is the best way to determine the current rego status of any vehicle. After you purchase a car, the onus is on you to make sure its registration is current.
While it'd be nice to trust everyone selling a car, it's always best to conduct your own PPSR search.
How does a PPSR check work?
In Australia, the PPSR check in VIC uses the national security register to find items used as security for a loan.
The PPSR is not limited to motor vehicles, and it can be for any item of value (except for real estate). The most common use for the PPSR by the public is to check if vehicles are clear of debt. All you need to get started with your check is the vehicle's rego number and VIN or chassis number. The PPSR check is also known as the VIN check in VIC or the car reg check.
If anyone is looking at buying a vehicle and they use these terms, they are generally referring to a PPSR check.
The PPSR (Personal Property Securities Register) was designed to replace the 30 other registers that existed previously (REVS, etc.). As many Australians were very familiar with completing a REVS check when buying a vehicle, the term has stuck.
The PPSR certificate provides the same amount of information as the old REVS check, but more detailed information is available to the buyer when they order a CarHistory Report.
This information will include a valuation report, odometer check, stolen car check, and comparative sales.
The CarHistory Report also takes the information from the PPSR certificate and puts it into an easy-to-read PDF format.
What are the benefits of checking the PPSR?
The main benefit of getting a PPSR check in VIC is that it protects you from unknowingly buying a vehicle used as security for a loan.
If you buy a car that has a lien against it, and the seller stops making payments on that loan, your car can get repossessed by the lender. The lender will then take your vehicle and resell it to recover its debt.
When a lender sells a car, they are only interested in getting enough cash to finalise the loan, and they may sell it for an amount far below its actual value, which can leave you out of pocket.
Another reason for the PPSR check in VIC is to find out when the car’s registration will expire.
When you buy any second-hand vehicle through a private sale, it is your responsibility to ensure the car has a valid registration before you drive it on any road. All police vehicles in Victoria (and some speed cameras) can scan number plates for unregistered vehicles, and they won't hesitate to pull you over and issue you a penalty.
You can use the PPSR certificate to check your rego in VIC, and this can save you an embarrassing roadside chat with the police and possibly a hefty fine for driving an unregistered vehicle.
By ordering the CarHistory Report from RevsCheck, you'll also receive other details and information. You'll have access to other recent sales of similar vehicles and a valuation guide.
You can use these guides to negotiate a better deal from the seller. The CarHistory Report offers more value than the standard PPSR certificate, and all the information is laid out in an easy-to-read report.
How to do a PPSR check in Victoria?
The easiest way to complete a PPSR check in VIC (or a rego check) is through RevsCheck.
All you need to get started is the rego and VIN or chassis number. After you have the numbers required, you can enter these into the search engine at RevsCheck.
After you click the button, we'll show you the make and model of the vehicle attached to those numbers. If these details are correct, you can choose which certificate you'd like to order. We'll show you the main difference between these two reports, and you can see a sample CarHistory Report (which includes the PPSR certificate).
At RevsCheck, we provide a rego check online service, and your reports will be sent to your email address in only a few minutes after your payment is processed.
Due to the speed at which we can send reports to you by email, it is possible to have a report sent while you're out inspecting the vehicle you're looking to buy. This report can be handy if you're thinking of putting an offer in for the car at that time.
If you need any assistance in selecting the right report, you can call our team during business hours.
If you are looking at cars online outside of our working hours and need help with ordering a report, you can send an email enquiry, and we'll answer it as soon as possible.
