A Vehicle History Report (VHR) is a detailed

document that provides information about the history of a specific vehicle.

Carfax is perhaps the most

well-known vehicle history report provider. It aggregates data from thousands

of sources, including state DMVs, auto auctions, repair shops, and insurance

companies. Carfax reports are comprehensive and widely trusted by consumers and

dealers alike.

Key Features:

Accident History: Provides

detailed information about reported accidents and damage.

Service Records: Lists maintenance

and service history if available.

Title Information: Checks for

title issues like salvaged or rebuilt titles.

Ownership History: Shows the

number of previous owners.

Odometer Readings: Verifies

mileage to detect odometer rollback.

Owned by Experian, AutoCheck

offers vehicle history reports similar to Carfax but may access different

databases and emphasize different aspects of a vehicle’s history.

AutoCheck

is a service that specializes in compiling and presenting comprehensive Vehicle

History Reports. AutoCheck reports draw data from multiple sources, including

government agencies, insurance companies, dealer auctions, and service

facilities. One thing that separates AutoCheck form other Vehicle History Report

Providers is that it complies more data directly from dealer auctions. So it

compiles more data about how many times a specific vehicle has been sold

wholesale, you might find a specific vehicle has changed hands from a multitude

of dealers and that could be a buy you might want to avoid.

Score: Provides a score based on

the vehicle's history, helping dealers quickly assess its condition.

Auction Data: Includes information

from public auctions, dealer auctions, and other wholesale transactions.

Accident Data: Analyzes reported

accidents and damage.

Odometer

Check: Verifies mileage discrepancies.

National Motor Vehicle Title Information System

Established under the Anti Car

Theft Act of 1992, its creation was

in response to increasing concerns

over vehicle theft and fraud across the United States. Prior to its

establishment, there was no centralized system to effectively track vehicle

titles and histories nationwide. This lack of transparency made it easier for

criminals to alter or counterfeit vehicle titles, which led to selling stolen

vehicles or vehicles that have had their odometers fraudulently altered.

The Anti Car Theft Act of 1992

laid the groundwork for NMVTIS, mandating the creation of a national title database

This National Title database would provide crucial vehicle history information

to various stakeholders, including law enforcement agencies, consumers, and

businesses involved in the sale and purchase of vehicles.

Key Features:

Title Information: Verifies the

current state of title and any previous brands (e.g., salvage, rebuilt).

Odometer Readings: Checks for

odometer discrepancies reported to NMVTIS.

Theft Check: Indicates if the

vehicle has been reported stolen.

Learn more at https://dealerslicense.com

Or start your free trial and get a $250 credit for Dealer Management Software that runs Vehicle History Reports for as little a $.25 apiece at:

https://get.dealercenter.com/get-a-demo/automobile-dealer-training-association/

The importance of dealers reporting correct odometer information cannot be understated.

This episode of the Dealer Training Podcast covers odometer information, such as the most recent odometer reporting requirements, odometer disclosure, and how to protect yourself against odometer fraud when buying vehicles to resell.

Find much, much more information at https://dealerslicense.com

This podcast goes in depth into the premises and location requirements.

You will need to know exactly what the Texas Department of Motor Vehicles will expect of you when you get your dealer license

By knowing your premises requirements you will know what to look for when you are searching for a location for your dealer license.

You can take your official Texas Department of Motor Vehicle Dealer Pre-License Course at

https://texasdealers.com