Here is a side by side comparison of the pros and cons of having a vehicle history report:
PROS | CONS |
1. Vehicle history reports increase the market value of your vehicle. | 1. Without a vehicle history report, your vehicle’s market value drops. |
2. Vehicle history reports help in the organization and verification of all your vehicle-related documents. | 2. Without a vehicle history report, your vehicle-related documents are under the suspicion of forgery or are missing |
3. Vehicle history reports can save you from VIN duplication by verifying it from federal and state databases. | 3. Without a vehicle history report, the unique 17-digits VIN might be duplicated or misused without your knowledge. |
4. Vehicle history reports are important to find out the true worth of your car, by checking your vehicle for more than 60 verifying factors. | 4. Without vehicle history reports, your vehicle’s true worth cannot be calculated. This can result in the loss of market value in the used car market. |
5. Vehicle history reports protect you from hidden lien and loan records. | 5. Without a vehicle history report, you may overlook the existing loan and lien payments of your vehicle. This can result in thousands of dollars of loss and even repossession. |
6. Vehicle history reports check your vehicle for previous sales history, auction, and original owner’s manuals. | 6. Without a vehicle history report, you are unable to fetch previous sales history, auction sales records, and the original owner’s manuals. |
7. Data proves that vehicles with comprehensive vehicle history records are sold at their original asking price 9 out of 10 times. | 7. Data proves that vehicles without a vehicle history record are subject to suspicion and therefore sold below their asking price 9 out of 10 times. |
8. Vehicle history reports check your vehicle for a “clean history” and transfer of states. | 8. Without a vehicle history report, you are unable to detect a “clean history” or transfer of states, which can be hiding a lot of damage records on your vehicle. |
9. Vehicle history reports can detect weather damages, title brands, and open recalls for your vehicle. | 9. Without a vehicle history, you may suffer loss for unknown title brands, open recalls, and weather damages. |