Carfax Customers Help! What does dealer took title while in inventory mean???

SOMEONE ASKED 👇

Carfax Customers Help! What does dealer took title while in inventory mean???

HERE THE ANSWERS 👇

• It simply means the dealer you bought it from received the title for the car so he could sell it legally.

• Could be two things. One, they were tired of paying interest on the loan to get the car, so they bought it from the bank. (Yes, most car dealers do not “pay” the manufacturer up front for the car, but get loans just like we do. Either from the company that made the car, or for the smaller dealers, a regular bank.)

  Two, they used it as a demo and wanted cheaper insurance than they could get while the bank held the title.

  And yes my avatar shows a bike, but I own a car also. Can’t really carry anything big on the bike except the old lady, and that’s only because she can hang on by herself.

  My current car was a demo. Just had some extra miles on it and I got a fairly good deal.

  And no, think about it. You don’t return a car to the factory. What are they gonna do with it!

  Source(s): Been buying cars since before they had carfax. Carfax really keeps them dealers pretty honest now.

• It means that they boughtr the car from the manufacturer while it was on their lot because it sat there too long for the manufacturer to wait for the money any longer basically all new cars are at dealers on consignment if it sits too long the dealer must buy it outright or return it to said manufactuere