Quote:
Originally Posted by sergeshishik
I recently went to a "exotic" auto dealer and I was surprised that he was willing to trade in my 84 Targa for a 996. We put a deal together, and then he found a problem with my car fax! in 1987 at 64k miles my car was issued a NAM title which is issued when the owner discloses to a DMV mileage fraud, a broken odometer or that the actual mileage of this vehicle is unknown.
All the other odometer readings have checked out through the years. My question is should this hold up the sale, and if so does it have a value? I am thinking it is an error in the reporting, that was 24 years ago and the car has 99k miles today.
I am supposed to take delivery tomorrow and worried that this is going to throw a wrench in at the last minute.
Thanks.
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Something like that on a carfax history makes the car MUCH more difficult for the dealer to sell to another customer. YOU know the car and its history, YOU are comfortable with it, know it to be reliable, but try telling that to someone who's looking at it for the first time. For all he knows, it could have 300k miles on it, and cleans up well. I think you either need to get the history straightened out from the dmv, in writing, or be prepared to take a big hit on trade-in value - probably 20%. That's what I'd be looking to discount for something like that.