Finance cars, accident cars, and cars with repair history are all “vehicles with meaning” with different backgrounds, but each has different definitions, points to check, and effects on prices.In this article, we will explain the characteristics of the three types of vehicles in an easy-to-understand way and explain what points to check so you can consider them with confidence.
By correctly understanding the definitions of each, it will be easier to choose the vehicle that suits you.
- Differences in the definitions of finance cars, accident cars, and repair history cars
- Main points to check for three types of vehicles
- Impact on each price
- How to choose the right vehicle for you
“Financial vehicle,” “accident vehicle,” and “repair history vehicle” have similar terms, but the details that need to be checked are different. It is important to check the actual condition of each vehicle rather than making judgments based on the name alone.
Three types of definitions and differences
First, let’s sort out what each word refers to.
| Type | Main definition | Main points to check |
|---|---|---|
| financial car | Vehicles that are in circulation with loan balances and ownership rights reserved. | Possibility of name change/remaining debt processing/presence of documents |
| accident car | Vehicles that have a history of filing accident claims with insurance companies (as they are called in the industry) | Extent of damage, repair details, insurance history |
| restoration history car | Vehicles with a history of repairs to the skeleton (frame, etc.) (obligation to notify in terms of fair trade) | Impact on repair area, repair quality, and vehicle inspection |
These are independent concepts, and a financed car does not necessarily mean a car that has been involved in an accident or has been repaired. Conversely, vehicles sold as regular used cars may have a history of repair.
Features of financial cars
A financial car is a vehicle.Rights/documentsThis is a classification related to. The main points to check are the maintenance status of the documents and name, not directly related to the driving condition or appearance.
- There are cases where the owner of the vehicle inspection certificate is a loan company or credit company.
- By checking the status of outstanding debt settlement and ownership cancellation, it becomes easier to predict the procedure.
- An important point to check is whether you have all the necessary documents for name change.
Whether or not it is a finance car is mainly a matter of documents and rights. If the necessary documents are in place, you can change the name, apply for insurance, and have the vehicle inspected just like a regular used car.
Characteristics of accident cars and total loss cars
“Accidented vehicle” is an idiomatic expression within the industry, and is often used to refer to a history of filing an accident claim with an insurance company. There is no official legal definition, and the meaning varies depending on the context in which it is used.
- The severity of the accident varies from a minor collision to a complete loss.
- Repairs that do not affect driving or safety may be recorded in the accident history.
- It is important to confirm the details of the accident, repair details, and driving safety.
Characteristics of cars with restoration history
Repaired vehicles are defined by industry standards such as the Japan Automobile Appraisal Association (JAAI).Vehicles with a history of repair of frame parts, side members, pillars, etc.refers to There is a notification obligation when selling used cars.
- Definition criteria are whether or not there is a history of repair of skeletal parts
- It is important to check the repair location, repair quality, and impact on driving.
- Depending on the repaired parts, some cars may be in the same condition as regular used cars.
Comparison summary of 3 types
The three types of vehicles each have different points of view to check.
- financial car: Mainly confirming documents and rights. The key is whether the name can be changed.
- accident car: Mainly to confirm repair details and driving safety
- restoration history car: Mainly checking the repair status and quality of skeletal parts
A single vehicle may fall under more than one of these categories. By reading the posted information carefully before purchasing and contacting us directly if you have any questions, you can make an informed choice.
How to choose the right vehicle for you
Regardless of the vehicle classification, it is important to check and compare the following points.
- Is it possible to change the name?(Confirmation of documents/owner)
- Can I take out voluntary insurance?(Prior confirmation with insurance company)
- Vehicle inspection expiration date and acquisition status
- Information on driving safety(Repair history, maintenance records, etc.)
- Is the basis for the price clearly stated?
At Financial Car Bank, we organize published information in an environment that allows such confirmation. Please feel free to contact us if you are interested in the vehicle.
Frequently asked questions
Are finance cars and accident cars the same?
It’s a different concept.Financed cars are concerned with “documents and rights” (retention of ownership and loan balances), while accident cars are concerned with “accident history.” The finance vehicle may or may not be the accident vehicle. Which category a vehicle falls into depends on the posted information and the condition of each vehicle. Please check the content carefully and contact us if you have any questions.
Can a car with a repair history be inspected?
The presence or absence of a repair history alone does not determine whether or not a vehicle can be inspected.A vehicle inspection is to confirm compliance with safety standards (driving safety, exhaust gas, lights, etc.), and the presence or absence of a repair history is not included in the judgment criteria. Since the condition of your car varies depending on the repaired area and the quality of the repair, we recommend that you check the actual condition with your mechanic.
Which category do the vehicles listed on Financial Car Bank fall into?
It varies depending on the vehicle listed.The Financial Car Bank lists vehicles with various backgrounds, including financial cars and vehicles with meaning. Please check the information listed on each vehicle’s details page or contact the publisher directly.
Summary
Finance cars, accident cars, and repair history cars all have different backgrounds.Don’t judge based on the name alone; check the actual condition, documents, and rights of each vehicle.That’s important. Organizing the items to check will make it easier to find the vehicle that suits you.
For those who want to search for listed financial vehicles
At Financial Car Bank, we list financial cars and other vehicles from all over the country. Please feel free to contact us if there is a vehicle you are interested in.
View a list of currently listed financial vehicles and vehicles with translations.
