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How to read a CARFAX Report

How To Read A CARFAX Report

A CARFAX Report helps you know more about a vehicle’s history. The first thing you will see is the report overview, which gives you some hints on what to look for in the rest of the report.

Number of Owners. A large number of owners can indicate issues like ongoing problems or possible fraud. On the other hand, many buyers consider one-owner cars to be a great value.

Accidents/damage reported to CARFAX. This will include any accidents or damage reported to CARFAX by police departments, insurance companies, and/or repair facilities. When damage repairs are reported to CARFAX, they appears on the CARFAX Report as well.

Type of ownership. This information can tell you how a vehicle was registered to be driven: Personal, commercial, rental or lease.

Last reported odometer reading. This information can help you spot odometer fraud or other inconsistencies.

Recall information pertaining to the specific vehicle. This information is provided to CARFAX by manufacturers and other agencies. Avoid a known issue by checking for recalls that affect the vehicle. These problems will usually be corrected by a dealer at no cost.

CARFAX History Impact. This helps you understand the value of a vehicle, based on information in the CARFAX Report. To use the CARFAX History Impact, add or subtract the value from the suggested retail price from a reliable price guide. Don’t use the asking price for the vehicle.

As you go further down the report, you can find sections including the CARFAX Price Calculator, ownership history, title history and detailed history.

One thought on “How to read a CARFAX Report”

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