Most people sooner or later think about buying a vehicle. Quite often, a car is acquired, which it calls “hand-held”. This is a logical step if the money for a new car is simply physically not enough. However, do not forget that such a choice can be fraught with many dangers. In addition to the fact that the car may be in a completely different technical condition than previously stated, do not forget about the possibility of selling vehicles that are in the form of collateral. In this case, the new owner may ultimately just be left with nothing. Therefore, in order not to miscalculate, the process of choosing and acquiring a machine must be approached with great responsibility. The first step will be a comprehensive check by the future owner of the vehicle. There are several ways to find out if a car is pledged or not. You can use either one of them, or, for peace of mind, apply them together.
Lending secured by movable and immovable property
In the event that the transport is arranged through a special program, for example, using a car loan, the bank may set an additional condition in which the borrower must provide his property in the form of a pledge. Even a new car can become such property. In this case, the passport of the vehicle itself will be in the bank or other financial organization until the obligations on the part of the borrower are fully fulfilled.
Do not forget about another option of lending. This is a large-scale cash receipt. As a rule, this is the amount of one million rubles, which requires a collateral. Since today an individual approach to the client is the most relevant, property may be required as collateral even with a smaller loan amount.
Consequences of acquiring an encumbered vehicle
Today, many motorists are concerned about the transparency of the transaction. Is she really that? What needs to be done for this and how to find out? If the car is secured, then there is no need to talk about the purity of the transaction. And it is especially worth considering the fact that in the current economic situation, a vehicle is often a guarantor of debt repayment for a financial institution.
Every person who decides to buy a car with his hands should know that if there is no TCP in the provision of the document package, the owner of the vehicle does not have the right to make any manipulations, especially the sale. However, some people manage to acquire a copy of this document and commit illegal operations. If the transaction still took place, this means that all debt obligations have passed to the new owner of the car.
It can be concluded that for an owner who has payment obligations, there are absolutely no barriers. If you think about it, it doesn’t matter for a financial organization which person to pick up the vehicle legally due to it. In addition, ignorance of the new owner that the transport is in the status of collateral property does not absolve him from liability. Courts generally also use this practice.
The only way legislation permits is to formally negotiate with the buyer and immediately inform the seller of all the details of the transaction. For example, the buyer can pay off the debt at the bank, and if there is any financial difference, hand it to the seller as a balance. It should be understood that each buyer is required by law to warn about the collateral state of the property being sold. Otherwise, through the court, you can try to invalidate the transaction and return the funds.
Signs of a security car
In order to insulate themselves from such a situation, the buyer should be aware of how to find out if the car is pledged or not. Even before the transaction, it is worth paying attention to signs that will help to “declassify” the burdened car.
For example, if a car was registered as a purchase on credit, then each buyer will find in CASCO the corresponding inscription about which bank provided the vehicle with insurance. A similar record will be present until the client of the bank pays fully for transport. This is the easiest option on how to find out if a car is pledged. Naturally, if there is such a record in the insurance policy, then the option of buying such a car immediately disappears. In addition, there are a number of other signs that can indicate that the car is a security.
Incomplete package of documents
More often than not, in the process of concluding a knowingly illegal transaction, the seller refuses to provide a TCP passport. It is worth noting that if he provides a copy of the document, then this is not at all the basis for trusting him, since such a fraud does not require much labor. To do this, you can only send a request to the traffic police. Therefore, before buying a car, it is worth considering.
The seller used the vehicle suspiciously little time
As a rule, if a car is purchased using a car loan, then on average each borrower will need at least three years to close his debt to the bank. Accordingly, if the car is in operation with its owner less, then the likelihood that it is a mortgage increases several times.
Contents in the car documents of extraneous financial records
This is another option to find out if the car is in credit or collateral. In some cases, a record of a commission may occur in the TCP. It is immediately worth noting that it should alert the buyer.
Excessively low price offer
This fact should also prompt the buyer to certain thoughts. In fact, this point can be attributed to any product, since if the cost is several times lower, it means that there are some pitfalls. In addition, this fact suggests that the main task for the seller is not making a profit, but the desire to get rid of the car as quickly as possible.
A document confirming the purchase of a car
You should be wary if there is no contract fixing the purchase-sale relationship at the conclusion of the transaction. After all, the condition must be spelled out in the contract that the property acting as a pledge is acquired.
How to correctly check a car: is it a pledged item?
Today, legal transparency of potential acquisitions can be done in several ways:
- The first way to find out if a car is pledged or not is an official Internet resource. By indicating the VIN number, you can track all the information about the debt of the collateral property, if any. As a rule, this is one of the fastest ways to find out if a car is pledged to a bank. However, it is important to understand that if there is absolutely no information on the site, this does not mean that the car is not burdened. It can be sold as collateral in an informal transaction. In addition, the registration of such information is not a prerequisite.
- Visit the official resource, which was jointly organized by banking organizations involved in car loans. As in the first embodiment, only the VIN number of the car is entered. The whole operation through online takes a minimum of time. In addition, this is not only a way to find out if a car is pledged or not. This way you can get additional information about the burden of the car.
- Verification using the standard traffic police database. Unfortunately, she will not be able to give a concrete answer to the question of whether the car is a security. However, it can give confidence that he is not in theft and does not participate in any crime.
How not to fall into the hands of scammers?
When buying a car with your hands, there are many dangers, so before you plan to search for the appropriate proposal, you need to draw up a memo, which questions you need to pay the most attention to and how to find out if the car is pledged.
First of all, it is worthwhile to conduct a comprehensive inspection of the vehicle.
Also, a thorough consideration requires the issue of drawing up a contract of sale. It is important to verify the correctness of its completion before signing, as this is the main key to ensure that you can safely use your purchase in the future. It is very important that the document contains the passport data of the seller and the buyer, all information about the subject of sale, including technical specifications, the full price of the transaction, the date and place of conclusion of the contract.
After indicating all the necessary points, you need to check that the signatures are on two sides: the seller and the buyer. It is important to ensure that when specifying the characteristics of the car, all information is indicated in strict accordance with the data specified in the TCP. No errors are allowed in this case.
In addition, it is very important that the contract stipulates that the vehicle is not involved in the property-collateral issue. But you can’t believe the seller’s word. The buyer should know all the ways to find out if the car is pledged. But still, if it turns out that the transport is ensuring the fulfillment of obligations by the old owner, and this condition was indicated in the contract, then in this case there is a chance to invalidate the transaction through the court. The seller will be required to return the full amount of money to the buyer. As a rule, if the seller understands that his fraud has failed, then the matter may not even reach the court.
However, additional expenses, nerves and the search for a high-quality specialist in the legal field can be avoided if you first make every effort and find out all the information about the purchased product, learn how to find out if the car is pledged by the bank or not, and check the purchase object for purity of the transaction.