Purchasing a used car can be a smart financial decision, but it also comes with risks that may not always be so obvious at first glance. Beneath the shiny paint job, the car can be hiding some hidden problems. These hidden issues, such as past accidents, flood damage, mechanical issues or odometer rollbacks, could leave you with costly repairs and safety concerns down the road. This is why running a vehicle history check before you commit to purchase is one of the most important steps in the used car buying process.
According to CARFAX, nearly 40% of vehicles on the used market have a title issue or hidden damage in their past. A full vehicle history report can reveal details that the seller may not want you to know. It can uncover if the car was ever written off as a total loss by the insurance company, involved in any major or even minor accidents, ever been stolen or branded as a lemon. By spending a few dollars to purchase a vehicle history report, you may be able to gauge the vehicle’s value, helping you to understand when the vehicle is overpriced based on events in its history. This report can also provide you with red flags that may prompt you to walk away from the deal. Ultimately, the easy access to vehicle history details can make you a smarter car shopper, helping you negotiate with confidence and know when it’s time to walk away.
