Information Brokers' PPSR records show details of any financial interest, money owing or leases on used cars. If you are buying a used car from a dealer, the dealer is required to guarantee clear title, which may offer you financial protection from any future disputes. However, if you are buying privately and the vehicle is leased or has money owing on it, the financial institution involved can take steps to have the vehicle repossessed from you. Clearly it would be risky to simply take the sellers word that the interest will be removed. Therefore if buying privately we strongly recommend you obtain a low cost PPSR certificate via Information Brokers. You will need to provide the vehicle's Identity Number (VIN) or chassis number for this to go ahead. Information Brokers is accredited with asic.gov.au as an information broker, and is an accredited registrar with auda.org.au.
