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by kube-system
355 days ago
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> When buying a used car, dealerships and individual buyers can access each car’s particular CarFax report, detailing the vehicle’s usage and maintenance history. Armed with this information, dealerships can perform the necessary fixes or upgrades before re-selling the car. Dealerships in no way use those reports for that reason, nor do they contain the information that would be necessary to do so. They inspect the car to determine its mechanical condition, and query manufacturer databases to determine if recall repairs are necessary. CarFax reports are a marketing tool to assuage concerns that used-car buyers have about inadvertently purchasing a lemon. |
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I think that if lending institutions don't trust Car Fax then we probably shouldn't either.