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01-30-2013, 01:38 PM | #1 |
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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, 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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Last edited by WAMz4; 01-30-2013 at 02:32 PM.. |
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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:
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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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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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