I ran a report on a 2002 BMW 325i and it only came up with 1 report on carfax. Is this a good thing? Please see below
"04/06/2002 7 California
Motor Vehicle Dept. Title issued or updated
First owner reported
Registered as
personal vehicle
Loan or lien reported "
2007-07-31 03:13:35 · 10 answers · asked by John S 1 in Cars & Transportation ➔ Buying & Selling
Yes, only 1 owner has been reported. Also, I am buying this car at a used car dealer. Should there be a report for the transfer of title to the used dealership?
2007-07-31 03:33:31 · update #1
Wow.... once again people with a lot of bad advice...
Here's the deal... The car was purchased buy the original owner, and any activity through the DMV is public record that goes on the carfax report. The lien is also reported, as the title is held by the lender until paid off. Once paid after the car was traded in, the title is sent to the dealer. You stated that this car is at a dealership, and remember that a dealership can NOT sell a car that they don't hold the title to.
The bank sends the title to the dealership and it is held until the car is sold. Only after it is sold again does it go back through the DMV and show as a second owner. If you get a loan to buy it, it will show a new lien and an additional registration.
If the carfax shows no accident reports or insurance claims on the Carfax report, and you like the car, buy it. It's not been repossessed or anything strange like that.. It's at a dealership and we have to follow certain sets of rules in regards to titling and such.
So, all in all, that Carfax report is a good as they get.
2007-07-31 03:48:47 · answer #1 · answered by Anonymous · 0⤊ 1⤋
lol, i love all these people who think its the dealers fault. you cant really "doctor" a carfax report unless you make a completely fake one which wouldnt be easy and wouldnt look very good. And I dont know what kind of "dealer" you bought it from but why would a decent sized new car dealership probably worth a few million dollars risk all that to make maybe a grand more on one car deal. If it was a side of the road used car chop shop then maybe but no way would a real new car dealer knowingly give you a falsefied carfax. but anyway i think the most likely thing is that the accident wasnt reported in time for it to show up on the carfax when the dealer ran it. whoever had the car probably crashed it, had it fixed by some private body shop then traded it in and you bought it within a month or so the accident wouldnt show up on carfax yet. I dont really think you have a case on anybody unless it was some shady as hell used car dealer that did somehow make up a false carfax report. then you could try and go after them i guess, not that you will get anything. If the accident is showing up a LONG time before the dealer had it then maybe, but i dont really think theres alot you can do
2016-05-18 22:41:15 · answer #2 · answered by alejandra 3 · 0⤊ 0⤋
2
2016-08-30 02:03:49 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Normally you would like to see some inspections on there, but that's in NY, I don't know if CA reports inspections. Unfortunately it's impossible to see if this car was used regularly or sat around for a few years. It's not bad though, just have it thouroughly checked over by a certified BMW technician.
But all in all, i would be happy with that report.
2007-07-31 03:20:18 · answer #4 · answered by jay 7 · 0⤊ 0⤋
I have a Carfax subscription also. I would think it means that there was only one owneer, but with a lien or loan, it sounds like it was repoed and put to auction. It should also have a car dealer or original owner listed as where you would be purchasing it from.
Not all vehicles get reported. You can either investigate it further or forget about this one. I think I would forget about it.
2007-07-31 03:23:36 · answer #5 · answered by Big Bear 7 · 0⤊ 1⤋
There is a lien on the vehicle...are you getting a clear title when you purchase it... Will the debt be assumed by you? Ask the seller who holds title to the car. Call and ask that bank (Who will not tell you anything about the loan at all!!!) if transferance is allowed by them. Otherwise, I would personally just look for another car.
2007-07-31 03:18:57 · answer #6 · answered by NY PTK 4 · 0⤊ 1⤋
Thats a good report, anytime anything is done to the car, it will show up on carfaz i.e. title change, inspection, etc. Looks like it was a one owner, and if it is in good running condition, buy it!
2007-07-31 03:18:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋
That is just the original pruchase of the car. That is all. If it came back with accidents, etc.. then I would be concerned, but that first transaction will be seen on any carfax report you run.
2007-07-31 03:18:12 · answer #8 · answered by Chief 4 · 0⤊ 0⤋
That means it is a "clean" report -- yes that is a good thing
2007-07-31 03:18:11 · answer #9 · answered by Bill in Kansas 6 · 0⤊ 0⤋
uh
2007-07-31 03:16:43 · answer #10 · answered by Spencer 3 · 0⤊ 1⤋