Value of carfax report?

L

lkreh

This article appeared in a downstate Illinois newspaper today. Note
that it says that only 39 states (not including Ill.) make
police-reported accident reports available to the public/carfax. As
the article suggests, there would be accidents that don't appear on a
carfax report.

Bill proposes disclosure of crash data for used-car
buyers
By CHRISTINE DES GARENNES
© 2005 THE NEWS-GAZETTE
Published Online March 23, 2005
Before customers buy a used car from Bob Simpson, he
shows them a copy of a Carfax report.
It provides insight on the car's past, such as if it was ever in a
flood or damaged in a hail storm. Simpson does it as a courtesy
for potential buyers.
But Carfax reports do not contain details about whether or not
the car has been in a police-reported accident in Illinois.
Illinois Senate Bill 1839, introduced last month, proposes to
revise the Illinois Vehicle Code and allow information
companies like Carfax, car dealers like Simpson and consumers
to find out about car crashes in the state.
"We're all for it," said Simpson, owner of Bob Simpson's
Autotown in Champaign. "The more information the buyer has,
the better."
Currently, 39 other states, including Michigan, New York and
California, make police-reported accidents available to the
public.
Not only is it important for Illinois residents to have access to
accident reports, but everyone in the country will benefit, said
Larry Gamache,communications director for Fairfax, Va.-based
Carfax.
Now when someone buys a Carfax report (which can cost $20
to $25), the company searches its 3-billion-record database,
which includes police-reported accident information from states
where the reports are available, information on car titles from
departments of motor vehicles, plus records from private
companies like auto body shops.
If the bill becomes law and some consumers decide to bypass
Carfax's reporting service and access the Illinois Department of
Transportation's database directly, "that's absolutely fine,"
Gamache said.
Every year about 700,000 cars are involved in police-reported
accidents in Illinois, he said. Some of those cars will eventually
be resold in Illinois and other states.
"The police-reported accident information helps dealers and
consumers, when they're shopping or offering cars, to put the
damage in the proper context, to know what kind of accident it
was, what kind of damage was reported," Gamache said. Was it
the right front quarter panel that was damaged or was there
mainframe damage? Was the fender dented or did the engine
block fall out of the car?
Illinois Attorney General Lisa Madigan and her consumer
protection bureau support the bill.
"We're supporting it primarily because we think that
consumers need to have more information about their vehicle,"
said Deborah Hagan, chief of the Illinois attorney general's
consumer protection bureau.
Hagan also cited a recent settlement between Illinois (along
with 47 other state attorney general offices) and State Farm
Insurance over incorrect car titles.
In the case, State Farm resold about 30,000 cars in recent
years that it had declared total loss vehicles (ones damaged by
accidents, floods or theft). But it did not obtain salvage titles for
these cars. State Farm has agreed to track down current owners
of these cars and compensate them.
Had a database of police-reported accidents been available to
dealers and consumers, people may have found out that the cars
were salvaged and not titled properly, Hagan said.
As for any concerns about privacy, Hagan said any accident
reports provided to consumers, dealers and companies will have
personal information and addresses removed.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
13,979
Messages
67,607
Members
7,471
Latest member
rain

Latest Threads

Back
Top