I thought these searches told you amongst other things - if finance was owing
What a PPSR search doesn’t tell you
A PPSR search doesn’t provide all information about a vehicle and its history.
Information not available in a PPSR search includes:
The amount of finance owing on the vehicle
The vehicle owner or history of ownership
Odometer reading
Outstanding fines
Or does it mean it tells you there is money owing, but not the value?
Is there another search that does?
Thanks Muzeeb
been many decades since I've played this game
Service NSW rego check will give the last year or two of rego values that were entered with the registration renewal.
Only for cars that require a pink slip. So if you ran my plates, you wouldn't get that information (as my car doesn't require one for another three years)
PPSR also won't tell you if the vehicle was stolen in Tasmania, in case you were looking at buying a car there.
PPSR search = check if it’s stolen or any money owing on it.
and whether it's on the WOVR
There is no need for you to know the amount of finance owing on the vehicle, only that there is finance owing on the vehicle.
I once had a transfer fail because, literally, 3 cents was technically still owing because a bit of interest came in after the previous owner's loan had been cleared.
Regardless of the amount, it's a problem that still needs to be cleaned up prior to transfer.
You can transfer a vehicle into your name with money owing. That's why you have to check, so you don't wake up one day to the repo guy taking your car.
Yeah, it failed because I checked and wouldn't take the car until they fixed it. :-)
Car could have been in bad accident, virtual “write off” and repaired by backyarder. Won’t appear on WOVR
Or does it mean it tells you there is money owing, but not the value?
It'll tell you whether that vehicle has been used as an asset for a loan.The name of the finance company will be listed, but not the amount owing. So if you 'buy' it from the seller and they don't settle the loan settled, the finance company can repossess that vehicle.
If you're going to buy a car with finance owing on it (where the finance company has is listed on the title), never pay the 'owner' the full amount. Either go with them to settle the loan or issue bank cheque made out to the finance company for the amount owing and the balance to the 'owner'.
Which is the best/most thorough PPSR Report go get.
Are free ones as good as the paid ones?
edit: The Gov one crashes at payment https://transact.ppsr.gov.au/
Correct
Exact wording on PPSR is