Carfax Buys Back First Car under Its Buyback Guarantee

NEW ORLEANS – Carfax, a provider of vehicle history information, will buy back its first vehicle under the Carfax Buyback Guarantee program. The vehicle – a 2001 Chevrolet Corvette – was issued a salvage title in June 2002 by the Department of Motor Vehicles.

The Kelley Blue Book retail value was used to determine the amount of the buyback for the car and the corresponding vehicle history report was updated with the notation Salvage Title/Certificate Issued Rebuilt Title Issued.

Under the Buyback Guarantee, cars purchased with Carfax Vehicle History Reports that do not contain DMV-reported incidents (such as salvage, flood damage, lemon, odometer problems) may be eligible to be bought back from Carfax.