A CARFAX report is the preferred vehicle history report. Every CARFAX report contains information that can impact your decision about a used vehicle. Some types of information that a CARFAX report may include are:
- Accident and damage indicators, such as airbag deployments
- Title information, including salvaged titles, Lemon history or Flood damage
- Total loss accident history
- Odometer readings & service records
- Number of owners & vehicle use (taxi, rental, lease, etc.)
How to provide a CARFAX report:
In many cases, the dealership you are working with can provide you with a free copy of the CARFAX report. In other situations, your Lending Specialist will order one for you which will be included in your loan documents.