Corporate on CarFax report??? | FerrariChat
Buy

Corporate on CarFax report???

Discussion in '360/430' started by schefdeh5, Sep 23, 2014.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. schefdeh5

    schefdeh5 Formula 3

    Nov 2, 2008
    1,529
    U.S.A.
    #1 schefdeh5, Sep 23, 2014
    Guys - I ran a CarFax for a car I was interested in, and the report came back that the first owner was "corporate." I read Car.com's information on the corporate designation, and it said that the car likely belonged to a business.

    Can I get your input on what this means for its resale in case I want to sell it later on down the line?

    Thanks
     
  2. MPtolomey

    MPtolomey Formula Junior

    Jun 8, 2014
    538
    Odessa, FL
    Full Name:
    Mark Ptolomey
    #2 MPtolomey, Sep 23, 2014
    No biggie. Just means the car was registered to the business rather than an individual. Usually done for tax and/or write off reasons.
     
  3. schefdeh5

    schefdeh5 Formula 3

    Nov 2, 2008
    1,529
    U.S.A.
    #3 schefdeh5, Sep 23, 2014
    Yup, initially I couldn't find any threads that had similar questions. But then I did.

    Stupid question....sorry
     
  4. English Rebel

    English Rebel Formula 3

    Aug 13, 2013
    2,158
    Piedmont Area of NC
    Full Name:
    Alan
    #4 English Rebel, Sep 24, 2014
    I did the same with a Mini Cooper S -- tax right off and had a boat load of fun while doing it. :)
    Alan
     
  5. kitchenaid

    kitchenaid Karting

    Mar 31, 2009
    114
    #5 kitchenaid, Sep 24, 2014
    It's not a stupid question, because a lot of people read "corporate" and think the car was sitting in some sort of company parking lot, waiting for the next junior executive to borrow it for the day. I suppose in some rare cases that might be true, but highly unlikely.

    Like Alan, I also own a corporation. It's small, but any vehicle registered to it would show up as "corporate owned", even though it's just little old me driving the car...
     

Share This Page