"One of the biggest scams going is the carfax." Is the carfax info inaccurate?
Is accurate info not worth $40?
Does the expense of the $40 (for accurate info) have a threshold of practical value? Is 01% of a 4k car too much? Is 0.05% of a 8k car too much? When does a $40 investment pay off even if it just a confirmation of good news?
Is it possible that some may simply regard accurate info as impertinent or irrelevant?
How much does a $40 increase in overhead turn into at Street price?
Can the increase in street price provide value to customers who use the info to anticipate future and near term maintenance and repair expenses?
IMO, if it is the case that the info is accurate I would personally find value in getting a chance to choose between a car that was never crashed and enjoyed frequent oil changes and some other car that was never crashed but didn't get fresh oil very often.
Another example; Learning if the timing belt/chain was or wasn't RnR'd on schedule will enable some one to predict a total cost of ownership much more accurately.
If accurate info is available and a dealer elects not to invest in that info then it seems like the pricing will end up reflecting a decision to manage the risk in the absence of pertinent info.
I'm curious to know if the service has been shown to be inaccurate or perhaps incomplete. I've always wondered how it could be complete with so many of the higher quality mechanics seeming to be offline.
I get the impression that I am not your market segment and I suppose you know your market well... so I imagine that my perspective may not be pertinent to your business.
I had some misgiving about the generalized statement that Carfax is a "scam". I've personally thought of it as a fair priced service in the past and I'd be curious to know if your opinion is a matter of perspective as a margin measured, sales based business or if it is from some knowledge that the information is of poor or erroneous quality.
best regards,
mike
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