Understanding a vehicle’s background - such as whether it has been in a collision before, or if the odometer reads accurately – is critical to making an informed decision when looking to purchase.
Used cars are often an attractive option for many consumers who are unsure about the commitment involved in buying a new vehicle, or perhaps concerned about the depreciation that a new purchase experiences the minute it is driven off a dealer’s lot.
However, as with any purchase of something that isn’t coming straight from a manufacturer, it is important to be as informed as possible before forking over your hard earned money.
In Canada, there are several different suppliers available to Canadian consumers when it comes to obtaining vehicle history reports. There is also the option of checking into a vehicle’s history on your own in certain provinces, such as the Ontario government’s online database that can be accessed by entering in a Vehicle Identification Number.
While these reports are frequently provided by dealers as a common practice, it is important for buyers to be independently aware. Understanding a vehicle’s background - such as whether it has been in a collision before, or if the odometer reads accurately – is critical to making an informed decision when looking to purchase.
Here are a few simple tips to remember when doing your due diligence:
Read Carefully - If you are provided with a report, pay close attention to the details like the date that it was run, and more importantly, to the limitations to the report, as represented by both the dealership and the disclaimer’s contained within.
Real World Testing - Any information in a report is always made stronger physical and mechanical inspections, which serve to add further detail to what’s written on the page.
Double Up - Reports do have their limitations, meaning that sometimes information contained by one could be missing in another. Because you can never be guaranteed that every report is complete, cross-checking between different providers always adds an extra layer of security.