HOW DOES VINLOCK WORK?
VINLock's process is straightforward:
VINLock partners share vehicle data with VINLock for free, and in exchange, they gain a greater level of security over their assets.
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All funded vehicle data is entered into the VINLock database, and if the lender so chooses, PPSAs are registered.
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Vehicles are checked weekly against the Provincial Registries for Ownership changes. All ownership changes are reported to the lender.
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VIN data is shared with VINLock partners* and used to ensure vehicles are not being converted, exported or double financed.
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Before or during events that could impair a lender’s security, VINLock is consulted, and the appropriate steps are taken to prevent loss.
"CARS, TRUCKS and heavy equipment stolen from Ontario have been seen – sometimes still with Ontario license plates – in Russia, Ukraine, Sweden, Bosnia, Croatia, the Netherlands, China, Thailand, and across Africa and the Middle East."
Brett Popplewell, The Toronto Star
** VINLock is constantly working on expanding its partners. We are building relationships with the Department of Homeland Security, foreign governments, local law enforcement, etc. to prevent vehicle theft worldwide.