ANSWERS: 1
  • A Carfax is a vehicle history report giving potential buyers information about a used car. It helps inform a buyer's car-purchasing decision and reduces his risk of buying a defective car.

    Function

    A Carfax functions as a buyer's and car dealer's information resource about used vehicles. It also helps build a car dealer's credibility when they offer buyers honest information about a vehicle they are considering.

    Features

    A Carfax includes information about number of owners, vehicle use, accident history and title information. It also gives a history of what service has been done to the vehicle.

    Benefits

    A Carfax helps car dealers purchase the highest quality used vehicles for their inventory. It helps buyers get the best deal for their money.

    Effects

    Many consumers use Carfax to help them make a car purchase. Carfax helps consumers make more intelligent decisions because they mystery of car buying is minimized.

    Considerations

    In addition to getting a Carfax buyers should also test drive a used car and get it inspected by a mechanic they trust.

    Source

    Federal Trade Commission

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