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Tas used-car finance check blackout

The new national register provides more protection for Tasmanian buyers of used

The state’s motor vehicle register of security interest closes for the last time at 5pm on Friday with a three-day gap before its replacement starts operating. 
Commonwealth authorities say people planning to buy used cars this weekend should consider checking the state register before it closes.

From Friday, the Department of Infrastructure, Energy, and Resources would no longer manage motor vehicle securities and its information would be migrated to the new Australian Government Personal Property Securities Register, which starts on Monday.

The new national register replaces more than 70 different Commonwealth, state and territory registers used to regulate personal property used as security.

The new national register provides more protection for Tasmanian buyers of used
 cars because the state register has been a stand-alone state system it has not been connected with similar registers in other states.

Buyers of privately sold used vehicles in Tasmania during the weekend have been warned it would be sensible to delay their purchases until a search was performed on financial encumbrances for the vehicle they wanted to buy.

David Scognamiglio, of, said with consumers left in the dark across the changeover period, dealerships that used the website would still be able to run vehicle history reports at the weekend, giving Tasmanian buyers the opportunity to help protect themselves from dishonest sellers looking to offload a lemon.

According to a study compiled by of used-car buyers who had been victims of deceit and fraud over the past 12 months, 28 per cent of victims had incurred an expense of $5000 and 13 per cent had suffered a loss of $10,000.
And 43 per cent of these victims had been ripped off by a used-car purchase made through a dealership.

The Motor Trades Association of Tasmania, which represents dealers, did not respond to a request for comment.
 Mr Scognamiglio said it was alarming that such a large number of Australian used-car buyers were getting stung by dealers.

He said many car dealers already gave their customers full car-history reports, but many still refused so it was up to the consumer to demand more information.