Used Vehicle Information Package Tips You Should Know About
Vehicle Information Package is a package of information
, which provides a detailed record about any registered vehicle - car, truck, bus or motorcycle.
Why do you need it?
If you are a buyer a Used Vehicle Information Package (VIP) will give you information about:
Make, model, body type and year of manufacture of used car you are going to buy.
The status of the vehicle, which could be:
Suspended (In such case no transactions with the vehicle will be processed. It could be suspended for things like a contravention of a Highway Traffic Act.)
Unfit (The vehicle may be mechanically unfit. Just if a Safety Standards Certificate is provided licence plates can be attached to such vehicle.)
Wrecked (The vehicle is completely crushed. Licence plates cannot be attached to the vehicle and it cannot be used on any public road. )
About seller identity it will help you to be sure if the person selling the vehicle is the same as the name on the vehicle registration form.
If the vehicle has been branded, that may affect future use of the vehicle.
If the vehicle is recorded as stolen.
About the vehicle's odometer reading last provided to the ministry.
Any outstanding debts registered against the vehicle.
Number of times the vehicle has been transferred.
If you are seller you must:
Buy Used Vehicle Information Package if you are selling
Ontario used car privately.
Show it to your prospective buyers
Give it to the buyer when the deal is completed.
To get a VIP you need:
the vehicle registration number
the Vehicle Identification number (VIN)
the engine number (stamped onto the vehicle)
To purchase a Used VIP:
Use the Service Ontario Driver and Vehicle Online Services
Visit any Driver and Vehicle Licence Issuing Office
Dont forget:
A VIP should be purchased no more than 24 hours before you prepare
used car for sale in Ontario. The information contained in the VIP is only current at the time it is produced as details could change after.
If you have found a buyer finalize the deal in these steps:
1.Write down your name, signature, name of buyer, date and purchase price into the "Bill of Sale" field in the Used VIP.
2.Sign the Application for Transfer.
3.Give the Used VIP to the buyer.
4.Keep your licence plates of the vehicle registration permit.
5.Notify the ministry that the vehicle has been sold.
by: neolka
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