Learn about some of the most important information you can find on a CarFax report! Our experts at Toyota of Orlando want you to have all the information you need when you are looking to purchase a used car.
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Transcript:
So, you’re in the market to buy a used car. You’ve done the research and you think you’ve found the perfect car. Have you checked out it’s CARFAX? A CARFAX report lets you know more about a particular vehicle’s history. Our team at Toyota of Orlando is here to help you figure out what certain sections mean and how it impacts the value of that used car.
Check out the vehicle identification number, also known as the VIN. This number is usually located inside the windshield on the driver’s side. Other information that you’ll find include the engine information, standard equipment/safety options, and the CARFAX safety and reliability report.
This section doesn’t really need much explanation. It’ll tell you just how many people have owned this car before you. A large number of owners could mean that this car has issues that drivers can’t look past. We recommend looking for a vehicle that has only had a few previous owners.
This is an incredibly important section. Here you’ll find information about accidents or damage to the vehicle that has been reported to CARFAX by police departments, insurance companies, and/or repair facilities. You’ll even find information regarding the repairs made to damages on the vehicle. If you want to avoid a car that has previous damage, the CARFAX will indicate that it has a “clean” report. That means it has had no damage or accidents ever reported.
This information will tell you how the vehicle was registered to be driven. That way you can get an idea on how it was used depending on whether it was for personal, commercial, or rental use.
It’s good to have this reported reading to help you figure out if the odometer has been tampered with or other inconsistencies. We recommend going based off of this reading verses the one you see inside of the vehicle.
Manufacturers and other agencies provide this information to CARFAX. From there you can see if any recalls have affected the vehicle. If so, be sure to ask the dealer if they’ve been rectified. If not, they’ll usually be corrected for no cost.
This basically summarizes everything you’ve read and puts it together to determine a value of the vehicle. To use the CARFAX History Impact, just add or subtract the value from the suggested retail price from a reliable price guide such as Kelley Blue Book.
There is plenty more information available in a CARFAX report including the CARFAX Price Calculator, ownership history, title history, and detailed history. If you ever need any help, be sure to ask one of our product specialists at Toyota of Orlando for more information.
