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Understanding a CarFax Report

By Keith Griffin, About.com

6 of 6

Details

The devil's in the details. Information about the type of accident helps your mechanic zero in on potential trouble spots. In this case, the mechanic would check the frame and front end with extra zeal.

Photo © Carfax.com

With this Solara, we learned that it had been in an accident with a police report issued, it sold in 14 days as a used car (which probably means it was in good shape because that is a quick turnaround), and it has a loan or lien on it with the current owner.

The most important part of the details report is the commentary from the accident reported. This unlucky owner was apparently involved in an accident on Memorial Day 2003. His or her car was then inspected three days later. Unfortunately, there is no indication of the severity of the damage. This vehicle could have had damage up to 74% of its value, but there is no way to know. (NJ police reports are required, CarFax says, when damage exceeds $500).

Odds are good damage was moderate or minor. CarFax reports a 2007 report from the National Safety Council that says 7 percent of registered vehicles were involved in an accident in 2005. More than 75% of those were considered minor or moderate.

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