Why Should You Carry Out A Stolen Boat VIN Check

VIN is a 17-digit number that is unique to cars, motorcycles, caravans, and other types of vehicles. It denotes the manufacturer, make, and model, and gives much other information that helps you to be sure that your intended purchase of a used vehicle is authentic. Such details can also be obtained if you do a stolen boat VIN check before buying one.

However, there is a subtle difference in these identification numbers between vehicles and boats. While in the former case it is termed as VIN or Vehicle Identification Number, it is called the HIN or Hull Identification Number in the case of boats.

The HIN, also called the Boat code, consists of a series of letters and numbers on a plate that is usually attached permanently to the vessel’s hull. It provides information about the country of make, the manufacturer, the date of manufacture, and the serial number. With all these details you can easily identify each vessel from a PPSR certificate, and carry out a stolen boat VIN check to be sure that your investment is not going to waste.

Obtaining a stolen boat VIN check is critical before buying a used boat. It will bring out the facts that the owner might be concealing before you. Apart from the info that it might be a stolen boat, you will also know whether there is any loan outstanding on it. If you buy a boat that has dues against it, there is always the fear of repossession by the financing institution even if you paid the full asking price for it. Ensure that the boat is clear of all encumbrances so that there will be no problem in transferring a clear title to your name.

To get a stolen boat VIN check, Australians in the past had to depend on a REVS (Register of Encumbered Vehicles) or VSR check. That has now been replaced by the PPSR (Personal Properties Securities Register) which enables Australians to know if the goods they are buying have any lien or a security interest over them. These include cars, boats, bikes, machinery, and more except real estate. So, it is the PPSR Certificate that you have to bank on after doing a stolen boat VIN check to know about the authenticity of the boat you want to buy.

Why should you be careful when buying a used boat? If you unknowingly buy stolen property, law enforcement can take it from you without any reimbursement of the money you paid. Even when you have spent $15000 for a boat, it might be taken away from you and restored to the rightful owner. You are now without the boat or the money. To ward off this possibility, do a stolen boat VIN check before parting with your money. If the report comes clean, go ahead and enjoy the sailing to your heart’s content.



Location: Australia

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