Does a bad Car Fax affect the value of a vehicle?
Yes it will affect the one you are trading and the one you are buying if the Car Fax is bad. With all the advertising these days about show me the Car Fax the customers perception is that the car is not good.
There are many minor situations that do not really affect the vehicle but the bad Car Fax hurts the value. How much it hurts depends on the incident.
Just remember that it only goes on Car Fax if the police or the insurance companies are involved. That's why it is good to have the car looked at by a professional when buying used.
Roger Ricciardelli , President and CEO of AUTOMAGICIAN LLC has brought over 24 years experience in the automotive industry having held key sales, sales management , and executive positions in the sales & marketing of domestic & imported automobiles.
Ask Roger Ricciardelli a Question: automagician@gmail.com