Cars, motorbikes, caravans, trailers and more can make great purchases – but it’s important to protect yourself before buying.
Doing a $2 search on the PPSR can help you check if the vehicle you’re buying is recorded as debt free, stolen or written off.
A vehicle that has a registered security interest may have money owing on it – and this could mean it’s vulnerable to repossession, potentially leaving you out-of-pocket.
Just like with mechanical and registration checks, doing a PPSR search immediately before you buy can give you additional peace of mind.
Getting the most up-to-date information is important as it offers you increased protection against the car being repossessed.
If you do your search the day you buy a car or the day before, and the search certificate shows that the car had no security interest registered, it can help protect you if someone claims a security interest in the car at a later date.
To complete a PPSR search, all you need is a credit card and the Vehicle Identification Number (VIN) of the vehicle you’re looking to buy.
For more information, or to complete a search, click below.
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