Due to the rapid growth in car loans, the number of fraudulent activities is also increasing. Unscrupulous citizens, not paying off the loan for the car, try to sell it, and if the case is successful, buyers face a lot of problems. Therefore, before purchasing a car, you should carefully check whether it is credit or not.
One of the most common ways to check a car for collateral at a bank is to use a VIN code. To do this, go to the Internet and find sites that offer this service, and free of charge. Then, in the appropriate line on the website, enter the VIN code of the car you want to check. If he is pledged, the screen will display information about the bank and the date of termination of the pledge.
There are sure signs that the car is pledged by the bank: price, documents and behavior of sellers. Be wary if the cost of the car sold is 10-15% lower than the average market value of similar cars. Look at the PTS, if it bears the stamp "Duplicate", and the car is still "young", think about it, because when issuing a car loan, banks take the original PTS until the debt is fully repaid.
See how the vehicle is equipped. Typically, the credit car will be factory-equipped. What is put "for yourself", most likely, will be absent, for example, a radio tape recorder, an alarm, etc.
To find out whether a bank has a car as a pledge or not, contact the "Credit History Center" located in your city or the National Bureau of Credit Histories OJSC, which is located at the following address: Russian Federation, Moscow, Skatertny lane, 20, building 1, phone: 8 (495) 221-78-37. To obtain the information you are interested in, you will need to provide the passport details of the vehicle owner. This information can be obtained free of charge and no more than once a year.
In addition, you can find out if the car is a credit card at an authorized dealership. To do this, contact his employees together with the owner of the car, they will provide you with all the necessary information, including whether the car was issued on credit by its previous owners.