If you are in need of a second chance car loan, then you will be probably be buying a used car. And if you are buying pre-owned, then vehicle history report should be at the top of your list. As you probably know, CARFAX is the industry leader when it comes to these reports. And it’s not just the end consumers who use them. Many used car dealers subscribe to CARFAX to assist them when buying inventory at auction. They care about offering quality cars as much as their customers care about buying them.
In any case, CARFAX recently announced that they have hit a new (and enormous) milestone: they have 8 billion vehicles listed in their system!
Just how do they aggregate so many vehicles and VINs? Through partnerships with more than 30,000 different sources, which include:
- The Department of Motor Vehicles in each state
- Police Departments
- Servicing and Repair Facilities
In any case, be sure to get a vehicle history report before you buy your next used car – it’s worth every penny.