Ownership History: Year purchased is self-explanatory. Dealers sometimes opt to take ownership of a vehicle and are required to in the following states: Maine, Massachusetts, New Jersey, Ohio, Oklahoma, Pennsylvania and South Dakota.
Type of owner is important. This car was bought as a corporate fleet lease. Looking at the type of ownership combined with the miles driven indicates in this case it was a relatively low-use vehicle. Use this information to have your mechanic check for problems associated with low-mileage driving.
Owned in the following states is important if the vehicle relocated a lot in a short time. It could indicate a car may have received a salvage title in one state, been repaired (usually to less than exacting standards) and then moved to be retitled. Some states allow new titles for salvage vehicles.
Estimated miles driven is just a nice little factoid. You could arrive at the same figure with a calculator.
Last reported odometer reading is important. There is a problem if it’s higher than what the odometer currently reads.Title Problems This car is clean and guaranteed by CarFax. Read the fine print, though. CarFax will buy this car back, but only under very specific guidelines. The most important thing you must do is register this vehicle if you buy it. Not registering the car means you have no protection if title problems turn up later.
Salvage: This is a vehicle that is damaged to more than 75 percent of its worth. Things get somewhat tricky because 10 states (AZ, FL, GA, IL, MD, MN, NJ, NM, NY, OK and OR) use salvage titles to identify stolen vehicles, according to CarFax. Further clarification would be needed on titles from those states.
