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pmkhoi: Thanks guys, I'm quite surprise to see many replies after one day. I think the only choice for me now is calling the finance company on Monday (they haven't reply my email) and only go for it if the debt has been put off.
Just one more question. As I said, the car has been re-registered. As the carjam report said there was no record about written-off:
Reported Stolen? No.
Water/Fire Damage: No records
Statutory Write-off: No records
I'm gonna have a pre-purchase inspection after get confirmation from finance insurance but curious about the re-registered in this car as I found it quite interesting here.
First of all, the car in stock condition/no aftermarket parts or modified on it now so I suppose that there were only few or no modify in the past. Here is what happened during the re-registration:
Oct 2010, the car passed WOF
Jan 2011, one guy bought the car
May 2011, the car put through re-registration process and WOF (Pre-registration Check in odometer section). There was NO changing ownership or plates during this time.
Oct 2011, the car passed WOF (?). Why the WOF only last for 5 months?
Dec 2011, the car sold to dealer. Registration plate has been changed. (Security interest applied on it, lol)
May 2012, the car passed WOF
I did some research about the re-registration, so 2 common reason for it are: damaged/written off or the license expired for 1 year. So in this case, the license can't be expired for 1 year (based on the WOF Oct 2010 - May 2011, the car can get WOF without license). I'm not sure about the written off, suppose that the carjam info about the written-off is wrong but it still keep the plates. Like when the car has been written off, insurance company will give you money or new car, the car will go to scrap yard or put on auction, the plates should be taken off and the ownership should be changed during this time. But in this case, nothing happened? Any theory or explain guys?
Sorry if I'm too dumb or missing something in this case.
andrewNZ: The car is dodgy. Just walk away, this is a lesson you don't need to learn the hard way.
I'm picking this is an Evo or something along those lines (I hate the term but, a boy racer car), and you want it cause it's cheap. If so, it's been THRASHED, it's cheap because it's nearly dead.
Re-reg, probably crashed.
5 month WOF might be nothing, or it might be green/pink sticker.
Plates changing is probably related to personalised plates.
Security interest applied when the dealer sold it to someone who used finance.
The car is dodgy. Just walk away, this is a lesson you don't need to learn the hard way.
rokki:
As someone who is in the Motor Industry I wouldn't touch this car with a ten foot barge pole. This car has serious issues with its history. You would potentially be buying into a world of hurt.
rokki:pmkhoi: Thanks guys, I'm quite surprise to see many replies after one day. I think the only choice for me now is calling the finance company on Monday (they haven't reply my email) and only go for it if the debt has been put off.
Just one more question. As I said, the car has been re-registered. As the carjam report said there was no record about written-off:
Reported Stolen? No.
Water/Fire Damage: No records
Statutory Write-off: No records
I'm gonna have a pre-purchase inspection after get confirmation from finance insurance but curious about the re-registered in this car as I found it quite interesting here.
First of all, the car in stock condition/no aftermarket parts or modified on it now so I suppose that there were only few or no modify in the past. Here is what happened during the re-registration:
Oct 2010, the car passed WOF
Jan 2011, one guy bought the car
May 2011, the car put through re-registration process and WOF (Pre-registration Check in odometer section). There was NO changing ownership or plates during this time.
Oct 2011, the car passed WOF (?). Why the WOF only last for 5 months?
Dec 2011, the car sold to dealer. Registration plate has been changed. (Security interest applied on it, lol)
May 2012, the car passed WOF
I did some research about the re-registration, so 2 common reason for it are: damaged/written off or the license expired for 1 year. So in this case, the license can't be expired for 1 year (based on the WOF Oct 2010 - May 2011, the car can get WOF without license). I'm not sure about the written off, suppose that the carjam info about the written-off is wrong but it still keep the plates. Like when the car has been written off, insurance company will give you money or new car, the car will go to scrap yard or put on auction, the plates should be taken off and the ownership should be changed during this time. But in this case, nothing happened? Any theory or explain guys?
Sorry if I'm too dumb or missing something in this case.
As someone who is in the Motor Industry I wouldn't touch this car with a ten foot barge pole. This car has serious issues with its history. You would potentially be buying into a world of hurt.
pmkhoi: Updated: the finance company has confirmed that they put the security interest down already (I've checked ppsr this morning and it's gone).andrewNZ: The car is dodgy. Just walk away, this is a lesson you don't need to learn the hard way.
I'm picking this is an Evo or something along those lines (I hate the term but, a boy racer car), and you want it cause it's cheap. If so, it's been THRASHED, it's cheap because it's nearly dead.
Re-reg, probably crashed.
5 month WOF might be nothing, or it might be green/pink sticker.
Plates changing is probably related to personalised plates.
Security interest applied when the dealer sold it to someone who used finance.
The car is dodgy. Just walk away, this is a lesson you don't need to learn the hard way.
Not really a boy racer car (yeah I hate that term too, never have idea to get the car for racing but you can't change people attitude), I just want some car look sport/nice and some power rather than some sporty looking car with no power. It's a late model Subaru (not STI), stock as I want something reliable. But yeah, maybe I'm that some boy racer but I don't accept it, lolrokki:
As someone who is in the Motor Industry I wouldn't touch this car with a ten foot barge pole. This car has serious issues with its history. You would potentially be buying into a world of hurt.
So the security is not a problem now. What do you think about the re-reg process? I think they should change plates if the car has been crashed or something. It would be nice to hear opinion from someone in the industry :)
I understand there must be a reason for that cheap price but I'll do the pre-purchase inspection (not AA or VTNZ, as I hear that they usually pay more attention in comestic damage rather than the engine, gearbox itself). If the inspector (from car inspection services) think the engine, gearbox etc are in good condition, should I go for it?
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