How to decode the correct information from your CarProof report?

This article offers you few practical tips on how you should interpret CarProof report before you make your next purchase.

You have probably heard of a new reporting tool called "CarProof", it is similar in terms of idea as to CarFax but CarProof covers more data. This report is particularly popular in Canada versus CarFax in the U.S. There are 10 sections overall or 10 pages when you do a complete report on a vehicle. The cost of a complete or "verified" CarProof report will cost you about $40 Canadian dollars. If you are looking for a lien search or claim history you can obtain a lien search or claim history report for $27.50 each. The comprehensive or the "verified" report is usually the data source dealerships will use, don't be intimidated by the size of the report you can quickly get a sense of the vehicle just by scanning few important sections of the report. On the front page of the "verified" CarProof you will see the time and date the report was ran. Keep in mind you want to see the report that is not older than 90 days old, the reason behind that is simple. There maybe claims or accidents that have occurred since the last reporting date. If the dealership you are dealing with shows you an older report simply ask them to run it again.

Going back to the report itself, on the very first page or in section 2. CarProof offers a comprehensive summary regarding the vehicle's registration record, status, lien records, odometer readings and more. A quick glance at the summary will give you a good indication of what areas you should pay close attention to. It is normal for a vehicle to have registration records, or lien records as well as insurance history records. Don't be alarmed these records are quite common, if you live in Ontario and purchasing a vehicle from Ontario. You should purchase a vehicle that is registered within Ontario province, not Quebec, or U.S. Investigate little further if you see the registration records from province of Quebec, and bring the vehicle to your mechanic for a closer inspection for any accident repairs. Aside from the registration of the vehicle you should also pay close attention to section 4, which is the Canadian vehicle lien status report. In this particular section CarProof will list all the provinces of Canada and if the vehicle has a registered lien it will show as "Security Interest Record Found". When you are purchasing a vehicle you want to make sure the lien has been paid for otherwise it will be your responsibility to face.

The last important section of the CarProof which is section 9, Canadian accident and collision estimate data. This section is usually on page 9 of the report, and if there is any insurance claims against the vehicle or collision center report it will list the amount of the accident and approx damage to the vehicle itself. One important thing to keep in mind, CarProof report is not always 100% reliable when it comes to collision and accident data. The customer could have paid for the damage by cash and it will not show up in the report at all.

Thank you for reading this article it is brought to you by No Credit Check Car Loans, your preferred bad credit, no credit car loan provider. To find us online please go to http://www.nocreditcheckcarloans.ca

How to decode the correct information from your CarProof report?

By: Rick Li

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