The Personal Property Securities Register (PPSR) is a national government register. A PPSR search on a vehicle's VIN is also known by its old name, a REVS check, after the state-based registers it replaced.
What a PPSR search shows
✓Whether there's a registered security interest on the car, which means money is owed to a lender such as a finance company.
✓Whether the car is recorded as stolen.
✓Whether the car has been recorded as written off.
Why it matters
If you buy a car that still has finance owing, the lender's security interest can stay attached to the car, giving the lender the right to repossess it even though you paid the seller. A written-off record can affect a car's value, insurability and registration.
When to do it
Run the check before you pay a deposit or the full amount, and check that the VIN you search matches the VIN on the car itself, not only the one in the ad.
You can add a PPSR check to any Green Bean Auto inspection for $15.SOURCES & FURTHER READINGPersonal Property Securities Register (PPSR) ↗
General information only. For advice on a specific vehicle, book an inspection with a licensed mechanic.