TECHNOLOGY
App gives buyers valuable information
A new app allows consumers to check details of a pre-owned vehicle before they hand over the cash
Buying a car can be a stressful experience, but it can also hurt a consumer in the pocket when the right checks aren’t done. To counter this, TransUnion and FirstCheck have partnered to launch a consumer-focused vehicle-checking app. The app contains information on vehicles that were traditionally only available to dealers. "Buying a car is one of the most important investments anyone makes, and if it goes wrong it can have a devastating ripple effect on quality of life and finances," says Kriben Reddy, head of TransUnion Auto. "A lack of knowledge of hidden faults, fraud or a suspect service book is generally caused by a lack of insight into the full history of a vehicle. "We want to put the right information in the hands of consumers so they can make more informed decisions." One of the key features of the FirstCheck app is a valuation report, which can be accessed to learn the vehicle’s estimated value. A verification report covers the full history of a vehicle — important if a b...
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