A new website providing manufacturer specs, optional equipment, market valuation, running costs and MoT history on used cars, called MotorSpecs.co.uk, has been launched.

Users enter a registration number to create a MotorSpecs report. These can be viewed online, shared with others via email, saved to PDF or printed.

Michael Rochford, managing director of MotorSpecs, said: "Full manufacturer specs are available on any passenger vehicle registered in the UK from 1990 onwards, not including grey imports.

"That’s approximately 25 million individual car specs in total. In addition to the full original manufacturer’s specification for the car, you’ll be provided with an accurate market valuation.

"The valuation will display the price of the vehicle when new, including the price of any optional extras which have been configured as well as the current market value of the vehicle and the current market value of those all-important optional extras. This can also be adjusted for mileage so you end up with a market value that is reflective of the actual car rather than a homogenised version of the car."

Annual running costs are also calculated and displayed within the report including fuel costs for the year as well as additional details such as the cost to fill the tank and its range. Other annual running costs included are insurance cost, road tax and annual servicing costs. An estimate of what it would cost to finance the car is also provided.

Users can customise their report by adding their own images, configuring the optional equipment, adjusting the current mileage, adding contact details and a selling price if required. Users may also upload their own service history to supplement the other data on the report. In addition, if the V5C document reference number is entered, all of the MoT history is automatically added to the report.

MotorSpecs is currently inviting buyers, sellers, traders, enthusiasts to try out its vehicle reports free.

Use the voucher code “maxfree” after entering a reg number to bypass payment on the site. Normally reports cost between £1.50 and £3.95 depending on the report's detail.