A mymoto Facts Report offers a comprehensive history of a used car by checking government registers and other sources, providing peace of mind in your purchase.
It reveals any past issues like financial obligations, incidents, or tampered odometer, helping you make an informed choice and avoid potential repossessions or overpayments.
Critical incident checks
Critical incident checks ensure that the car you are purchasing has not been involved in any accidents or tampered with in any way, providing you with peace of mind regarding its history and condition.
A mymoto Facts Report can help you avoid purchasing a car with undisclosed issues from its past. If a vehicle has outstanding debts, it could be repossessed, leaving you without a car. A car that has a history of being written off, stolen, or having its odometer manipulated may lead to overpayment. Ensure a smooth purchase by obtaining a mymoto Facts Report to gain the confidence that you're making an informed choice.
Outstanding financial obligations or debts related to the car (encumbrance).
Past incidents such as theft or write-offs.
Any inconsistencies in the recorded mileage (potentially indicating odometer tampering).
Detailed car identification and description.
A market comparison to help assess the vehicle's value.
Registration particulars.
Environmental rating (Green Star rating).
Safety rating information/ANCAP.
A mymoto Facts Report can help you avoid purchasing a car with undisclosed issues from its past. If a vehicle has outstanding debts, it could be repossessed, leaving you without a car. A car that has a history of being written off, stolen, or having its odometer manipulated may lead to overpayment. Ensure a smooth purchase by obtaining a mymoto Facts Report to gain the confidence that you're making an informed choice.
A Personal Property Securities Register (PPSR) Certificate, often referred to as a PPSR search certificate, is a vital legal and financial document used in countries like Australia. Its primary purpose is to provide comprehensive information regarding security interests in personal property, especially vehicles, which are often used as collateral for loans or leases. By conducting a PPSR search, individuals and businesses can obtain this certificate to determine if there are any existing financial obligations or encumbrances associated with a specific vehicle. This certificate ensures transparency and clarity in legal and financial transactions involving the vehicle. It includes details about the entity holding the interest, the vehicle's PPSR registration, the date of interest recording, the nature of that interest, and may also indicate whether the vehicle has been designated as "written off" or reported as stolen. In Australia, it replaced the state-specific REVS systems.
When referring to a car, an encumbrance typically means that the vehicle has some form of financial or legal claim or obligation associated with it. This could be due to an outstanding auto loan or a lien on the car. Essentially, it means that there are financial responsibilities or legal restrictions related to the car that may need to be resolved before the owner can sell, transfer, or otherwise dispose of the vehicle. The term is commonly used in the context of car ownership and transactions.
ANCAP (Australasian New Car Assessment Program) rating is an independent safety assessment for new vehicles in Australia and New Zealand. It's presented as a star rating, with more stars indicating higher safety levels. ANCAP assesses crash performance, safety features, and structural integrity to help consumers choose safer vehicles. You can find out more about these ratings and how they're worked out visit www.ancap.com.au
When a car is "written off," it means that an insurance company has declared it a total loss because the cost of repairs exceeds the vehicle's market value. The owner is typically offered a settlement based on the car's pre-accident value, and the insurance company may take possession of the damaged vehicle. The car often receives a salvage title, indicating its significant damage. In some cases, the owner can choose to keep the damaged car and receive a reduced payout, but there are usually strict regulations for rebuilding and re-titling such vehicles.
An odometer reading check verifies the accuracy of a vehicle's mileage displayed on the odometer. It helps prevent fraud by detecting tampering or "clocking" of mileage, assesses the vehicle's value, and provides information about potential mechanical issues, making it important for buyers and sellers.
You will receive your mymoto Facts Report by email soon after requesting one. Additionally, shortly after, one of our mymoto staff will contact you to gather more information.
