Carfax is a commercial web-based service that provides vehicle history reports to potential buyers of used cars. These reports contain information about the vehicle's previous owners, accident history, service records, and more.
In terms of loans and liens, Carfax reports may include information about any outstanding liens on the vehicle. This information can be obtained from state DMV records, which indicate whether there is a lien on the vehicle and which lender holds the lien. The Carfax report may also indicate whether the lien has been released, which would indicate that the loan has been paid off.
It's important to note that Carfax reports are not comprehensive and may not contain information about every lien or loan associated with a vehicle. Additionally, Carfax reports may not provide information about the current status of a lien or loan, such as whether payments are up to date or if the lien has been satisfied.
If you are considering purchasing a used car, it's important to obtain a vehicle history report from a reputable provider such as Carfax, and to also conduct a thorough inspection and test drive of the vehicle to ensure that it is in good condition. You should also review any loan or lien information carefully and consult with a qualified professional if you have any questions or concerns.
