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How to check if a car has money owing on it?

04 March 2024

When you need a new car, it's exciting to start the hunt for the perfect car. You go through your checklist of necessities - excellent air con, manual gearbox, no more than 100,000kms driven, and preferably a funky colour! However, many Kiwis forget to do one crucial thing - a car finance check. 

Some owners out there are selling a car with finance owing. You want to avoid these if possible so that you can buy the car outright without any debt already owing on it. Find out how to complete a car finance check when purchasing a vehicle. 

How to check if a car has money owing on it? 

Ultimately, you don't want to get involved with someone who's selling a car with money owing on it. If you do unknowingly buy a vehicle that someone else owes money on, you will not be liable for the debt. 

However, if a private seller is in debt for the car, it will usually be listed as security on the loan. This means that if the previous owner stops making their payments, your car could be repossessed. This could be disastrous, as you will lose your personal property due to someone else's mistake and you won't receive compensation for this. Don't get yourself into a tricky situation - always complete a car finance check before purchasing. 

You can perform a car finance check by referencing the PPSR - Personal Property Securities Register. If you find the car on there, then it has money owing on it. Use the number plate, chassis number, or VIN to check. 

Click here to view the PPSR website: ppsr.companiesoffice.govt.nz

Put yourself in the drivers seat with Stadium Finance

If you need a hand buying your next vehicle, we can help put you in the drivers seat with a fair deal on a car loan and we will personally make sure there is no money owing on the vehicle you're looking to purchase. 

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