Member. Answer from CarFax, interesting. This information was supplied to us by a data source that collects personal vehicle sale information. This record indicates that an owner listed this vehicle for sale via an online listing site.
What is an as is car sale?
“As is” is a legal term describing the status of an item for sale. … A car being sold “as is” is being sold without a warranty. That means that any problem with the car is no longer the responsibility of the dealer or private seller once it has been sold.
Is CARFAX reliable to buy a car?
Despite being the most expensive service, the Carfax report is the benchmark for all other vehicle history reports. … Our opinion: Carfax is pricey but worth it, given that it has the most detailed and user-friendly reports. For many, a clean Carfax report is the first step in getting a good used car.
What does commercial vehicle mean on CARFAX?
Carfax has this to say: “A vehicle is designated “commercial” when it is titled or registered to a company. This is a broad definition, as commercial vehicles may be fleet vehicles, company cars, or other vehicles used for business.
Is it bad to buy a vehicle as is?
Note, that even if you signed an “as-is” agreement unless a label with required information was sticked to the vehicle, it is unlawful “as is” sale according to California’s lemon law and is a subject to recovery. This law requirement protects consumers from purchasing a vehicle unknowingly that is as-is.
Am I responsible for a car after I sell it?
That means that, as a seller, you’re not responsible for the car after it’s sold. … As long as the contract doesn’t say you’ll take the car back if something goes wrong (and why would you do that?), you’re good. Anything that was said during the sale won’t put the seller on the hook either.
Is CARFAX a ripoff?
It’s not a scam – it’s just incomplete. You can find good info on carfax, and it’s definitely better than nothing. But you can’t use it as an end-all-be-all solution to auto inspection.
Can CARFAX reports be faked?
The dealer may alter the Carfax report to make the vehicle’s title appear clean. The dealer may not be responsible for the inaccuracies on the Carfax report; however, he may have had reason to believe that the information was false.
Is CARFAX ever wrong?
Despite the vast number of resources available, CARFAX vehicle history reports should not be considered completely reliable. … Since CARFAX relies on information that is reported to the company, anything that doesn’t get reported either to the company or to any of its data sources won’t show up in the report.
Should you buy a commercial vehicle?
The primary benefit of buying a pre-owned commercial truck is the cost savings. … Like cars, once you drive a new truck off the lot, you instantly lose about 20% of its value. Depending upon the age of the vehicle, you may still be able to get the benefits of newer technology and better fuel economy as well.
What is commercial use of a vehicle?
In the United States, a vehicle is designated as “commercial” when it is titled or registered to a business. However, a vehicle may also be considered a commercial vehicle if it: Is owned by a company or business. Is used for transporting goods or paid passengers.
Should I buy a used corporate vehicle?
Used company cars are true corporate fleet vehicles, and they can actually be a pretty good buy in the used car market. … Many dealers have limits on when such cars should be sold off, and usually, these types of vehicles remain under warranty at that time, so these can be a bargain.