Sometimes people, having bought a car, find out that it is pledged as security for a loan and is the property of the bank. Unfortunately, according to the law, it must be withdrawn and returned to the actual owner. How can you check if the car is in the pledge or not?
The problem of mortgaged cars
Where do these machines come from? The scheme of their appearance is quite simple. The vehicle is purchased on credit and serves as its security, being pledged by the bank. If the buyer is unable to repay the loan, the bank, which is its actual owner, takes the car.
Some unscrupulous people sell such a car to another person without notifying him of the fact of the pledge. After some time, the bank finds a new owner and takes the car. At the same time, no one returns the money to the victim.
If you look at the law enforcement practice, you can see that the courts in most cases take the side of the banks, leaving the victims alone with the problem. In such a situation, you can try to sue a fraudster, but there is little chance of getting the lost money back, especially if the car has gone through several hands.
How to check a car for bail
The biggest chance to buy a similar car is from those who buy cars on the secondary market. But even buying in the salon of an authorized dealer is not a guarantee of the absence of encumbrances.
Checking the legal cleanliness of the car should start with studying the TCP. Many banks, issuing a car loan, take away the vehicle's passport from the buyer. The absence of this document from the seller should serve as a reason for refusing to purchase.
However, most of the scammers receive a duplicate PTS from the traffic police, claiming that the original has been lost. If you buy a relatively new car, and instead of the original PTS you are shown a duplicate, this should alert you and prompt you to conduct a thorough check. Unfortunately, not all banks take away the original document, so its presence should not reassure you.
Another cause for concern is the frequent change of ownership. If you see that in six months the car changed hands several times, this may serve as an indirect sign that the car is pledged. Some people, having learned that the car is mortgaged, prefer to sell it as soon as possible.
Ask the seller for documents confirming the fact of payment for the car. This could be a sales contract. If the car was bought in a showroom, ask for a receipt or cash receipt proving payment. You can independently request financial documents from the dealer and find out the history of the car. They can also tell you whether you bought a car for cash or took out a loan.
Banks issuing car loans, in most cases, require the issuance of CASCO policies. If the seller has such a policy, ask to show it to you. Pay attention to the column "Beneficiary", which indicates the recipient of the insurance compensation. If the bank is listed there, the car was borrowed.
It will not be superfluous to check the car on the online databases. Today, several services have appeared on the Internet that, according to the VIN-code of a vehicle, can give information about it, including informing about the fact of a pledge.
Try to familiarize yourself with the seller's credit history. A long and difficult journey is to independently send inquiries to Russian banks. There is also an easier way - now information is available to citizens, which is in the Central Catalog of Credit Histories. Knowing the seller's passport details, you can make a request about his debts. If he took out a loan to buy a car, this information should be reflected there.
Recently, on the basis of the Federal Notary Chamber, the Register of notifications on the pledge of movable property was created, in which banks can submit information about the vehicles being pledged. Unfortunately, this procedure is not mandatory for credit institutions, so not all problem cars are included in the register.
