CarFax Form, Buying A Car With Bad Credit Markham & GTA

At Car Loan Masters, we want you to be confident in the vehicle you buy from us which is why each customer is given the opportunity to request a CarFax report from us.

Find out more about these forms and why you may get one below.

What is a CarFax Form?

CarFax Canada offers vehicle owners and potential buyers a vehicle history report and lien check to help them find out everything about the vehicle history. It includes lots of information and can help you to choose the right vehicle for your needs and financial situation.

What Does the Form Report?

A Carfax report will include information on the following.

• Registration
• Any major accidents the car has been in
• Services and records from inspections
• Any repair estimates
• Structural damage that has happened to the car
• Vehicle theft
• Open recalls on any part of the car
• Total loss
• Odometer readings and rollback
• US and Canada import records

The report is intended to give the potential buyer or owner as much information as possible to see how different aspects may affect the value and operability of the car.

CarFax gathers information from many, many sources including insurance companies, vehicle bureaus, rental agencies, vehicle repair businesses, and more.

It is important to keep in mind that there are limitations to the CarFax reports. To begin with, mechanical issues may still exist in the vehicle simply because they have not been fixed, or they have not been accurately reported.

Additionally, the reports offer information on accidents, but if a car has been in a minor accident and no police report was made, you may not have the full picture in the report.

Why Would I Need a CarFax Form?

So, why would you need or want a CarFax report?

Most people who request a Carfax report are looking to purchase a used vehicle from a car dealership. By requesting this information, you get the full picture of the car in question. It means you will be aware of any major damage that the car has received as well as any repairs.

The idea is that it will give you an understanding of the kind of future maintenance your car may need. This is helpful because buying a used car usually means it will require a little more maintenance than a new one, but if regular repairs are likely, it may not be worth your while financially to buy it.

At Car Loan Masters, you can request a CarFax form by filling in the details below and we’ll get it sent over to you ASAP. This way, you can make your decision on your new car more quickly.

Will a CarFax Report Affect my Loan Application?

A lender will look at many aspects during loan processing, including credit reporting and the car in question. The condition of the car is an important part of an auto loan and you may end up paying a higher monthly payment if the car you buy is in poor condition.

Older cars and cars likely to need more repairs will also attract higher interest rates. This is because if you default on your auto financing payments, a lender is less likely to be able to recoup the costs of a broken or poorly maintained vehicle.

Auto Financing at Car Loan Masters

At Car Loan Masters, we’re committed to getting you the best deal we can when it comes to car loans. Even if you have no or poor credit, we can get you a car loan by emphasizing your credit history and not just your credit score.

For bad credit car loans, there is no better place in Markham and the GTA than Car Loan Masters.

Looking at Buying a Car With Bad Credit in Markham & the GTA? Get in Touch With Car Loan Masters Today!

Are you looking at buying a car with bad credit in Markham and the GTA? At Car Loan Masters, we don’t let poor credit situations get in the way of financing a new vehicle. We know how much people depend on their cars in Markham and the surrounding areas, and so we’ve made it our mission to help every one of our customers get their car financed.

Get in touch with our friendly customer service team to find out more about our auto financing, CarFax reports, and more today.