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      01-30-2013, 01:38 PM   #1
mhughett
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Interesting Z4M carfax

I confess that I don't understand carfax reports sometimes. I fanatically maintain my cars and when I've generated a carfax report on it, it would often times show an amount to DEDUCT from fmv even though they are one-owners with no accidents. On the other hand, here is a Z4M that show that the car has had 5 OWNERS (never a good sign for a buyer), and yet the report shows a value that is $1,900 above fmv! Can anyone make any sense out of this? Sometimes it makes me wonder if dealers can somehow influence the outcome of these reports.

http://www.carfax.com/VehicleHistory...r=CDM_0#Owner1
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      01-30-2013, 01:58 PM   #2
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dealer demo car?
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      01-30-2013, 02:27 PM   #3
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I would assume the value is based on the mileage, more than the number of owners. anything around 8,000 a year is gonna hold a ton of value. Also "Type" of owner could be a factor. "Commercial" could mean anything from the Dealer using it as a demo car, to some company using it as a corporate perk for good little execs. Either way. Its likely a commercial vehicle has been well maintained by a fleet manager. Judging by the rest of the report. It looks like a good buy.
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      01-30-2013, 02:31 PM   #4
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I don't understand the fmv being raised either.

I would add that owner #1 had it for 17 days, and #3 had it for 5 days so I don't think these were true owners. Even owner #5 looks like it might have been a dealer?
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      01-30-2013, 02:37 PM   #5
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Quote:
Originally Posted by WAMz4 View Post
I would assume the value is based on the mileage, more than the number of owners. anything around 8,000 a year is gonna hold a ton of value. Also "Type" of owner could be a factor. "Commercial" could mean anything from the Dealer using it as a demo car, to some company using it as a corporate perk for good little execs. Either way. Its likely a commercial vehicle has been well maintained by a fleet manager. Judging by the rest of the report. It looks like a good buy.
I thought about that but then wondered why would that drive up the value of the vehicle. To me, if someone was using it as a demo and being driven by people who have no stake in the car, that means they probably driving it like they stole it, right? Still makes no sense. Note at the bottom of the carfax that it looks like it was sold again at a Missouri auction last week. I'm not even sure if the dealer listing it on Cars.com still has it. Clearly the dealer knows nothing about the car. It is listed as having 17" wheels (it doesn't) and manual seats (they are electric seats).
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      01-30-2013, 02:47 PM   #6
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it was probably a lease vehicle
the renewals sometimes come through as new owners.
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      01-30-2013, 02:57 PM   #7
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Quote:
Originally Posted by mhughett View Post
I thought about that but then wondered why would that drive up the value of the vehicle. To me, if someone was using it as a demo and being driven by people who have no stake in the car, that means they probably driving it like they stole it, right? Still makes no sense. Note at the bottom of the carfax that it looks like it was sold again at a Missouri auction last week. I'm not even sure if the dealer listing it on Cars.com still has it. Clearly the dealer knows nothing about the car. It is listed as having 17" wheels (it doesn't) and manual seats (they are electric seats).
I would think that if it were a rental at Avis or something. And although you never know what kind of idiot has a car before you, If some one has to give it back to their own company who knows how to find them if anything is wrong, they may be more likely to take care of it. I would. But i'm not an idiot.
But the CARFAX is just an overview of whats been reported. Any good third party mechanic can tell you if its been a hard 42k, or easy before you buy.

It is strange that the dealer doesn't know anything about it. But as far as the auction goes. Most used cars are auctioned at some point. If a dealer takes it as a trade, they usually auction it rather than sell it just to move it off the lot. Or if its not selling after a few weeks, they auction it to move it.
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      01-30-2013, 08:31 PM   #8
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the company i work for buys cars for many of the execs, and if they weren't taking proper care of it, it would be taken away.
what i mean to say is, everyone takes pretty good care of their cars. i'd be OK with it being a company vehicle. usually the company covers all the maintenance.
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