Buying a used car can be a nerve wracking experience, especially if you’re negotiating one-on-one for the first time. You want a dependable car, but don’t necessarily believe the salesman’s 100%-positive evaluation.
Vehicle history reports might not tell you everything you need to know either. Has this car ever been stolen? Was the odometer rolled back? You need to be sure before signing on any dotted lines.
That’s why you need an extensive report using the carVertical VIN decoder. Utilizing the latest technology, the team at carVertical wants to create a global vehicle encyclopedia – and give access to everyone in the world.
A More Accurate Report
VIN stands for vehicle identification number and it’s something that every car, truck, motorcycle, and even moped is given after its completed production. And not just in the United States, every car manufacturer across the globe prints a vehicle identification number somewhere on the car. In theory, this provides a universal tracking system, so you know exactly where and when a car was made.
Vehicle history reports don’t always include everything you want to know. If an accident was unreported, it won’t show up on some of the leading vehicle report producers. If information can be left out (or worse altered), than the report isn’t going to be worth very much. And if the car has been used in multiple countries? Good luck finding an accurate report on that!
With a VIN decoder from carVertical, you’ll be leveraging blockchain technology in order to get a thorough picture of your potential vehicle. Blockchain is a digital ledger that’s decentralized, so all users have equal access. You won’t have to rely on the word of a salesperson or former owner when you have such a ledger at your disposal. The system works like this: the car is opened up to the public on a blockchain and anyone involved with it can edit the ledger. The dealership selling the new car has equal access to this ledger as the first owner, second owner, and so on.
As time goes on, the ledger gets more and more detailed as maintenance is tallied, accidents are noted, and sales are recorded. The ledger is kept accurately and free from fraudulent interruptions.
Goals of VIN Decoder
By introducing this technology to the public, carVertical is aiming to create a worldwide public database where any transaction in any country can be properly recorded. This is especially useful when considering international transactions.