CarFax is notorious for missed accidents, inconsistencies in mileage reporting (created from key punch errors) and stigma branding. Statistics demonstrate that 70,000 people in the USA wreck their vehicles each day. Many of these "accidents" go unreported and people pay to fix their vehicle privately to avoid exorbitant insurance rate hikes. This has been going on for years and it's part of the deductible game. The higher the deductible, the more accidents that go unreported. But many people just follow protocol and report the accident because they truly don't know what it will cost to fix their vehicle. Consider the sheer number of people that have $1000 deductibles that have repair bills that hover around $1500…
Example:
You enter a busy intersection under a green light and an oncoming vehicle darts in front of you. You swerve to avoid a crash, hit a curb and blow out a two wheels & tires and have your vehicle towed from a busy urban intersection by a police-dispatched tow. There is no body or suspension damage but you've got expensive wheels and tires and the vehicle will need a 4 wheel alignment, a 2 wheels and tires. That's about $1500 in damage and nothing cosmetic or structural but CarFax will report that your vehicle was in a MAJOR accident and towed from the scene. This vehicle history will negatively impact the value of your vehicle and deter people from purchasing it in the future, including new car dealers.
Once the accident history is reported, it's forever and it will have a negative impact on the value of your vehicle.
What can you do?
Keep in mind that DamageMAX specializes in damaged, inoperable and problem vehicles. Problem vehicles includes lemons, flood, hail damaged, title brands and stigma history. We can pay top dollar for these vehicles, because we have access to the best market places for them including export markets.
For more information or a free price quote please visit www.damagemax.com or call 888-629-2137.
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