CARFAX Banking & Insurance Solutions
Every used car has a history
We know it
Detect problem cars before approving policies and loans
BANKS & INSURANCE COMPANIES RELY ON CARFAX
Use the CARFAX Risk Alert Service to identify problem cars early in the application process and make better decisions financing or insuring them.
Generate faster quotes by identifying a car via the CARFAX licence plate & VIN decoder to pre-populate vehicle information in online forms.
Ensure your loan-to-value ratio or risk exposure calculation reflects any salvage, flood, total loss or previous structural recorded damage.
The CARFAX Risk Alert Service
With the CARFAX Risk Alert Service you can find out if risks connected to a car are reported to CARFAX, before approving finance or insurance by simply entering the car’s registration or VIN number.
Access over 20 billion used car records from 100.000+ data sources and cross-border used vehicle data from 20+ countries in Europe, the U.S. and Canada to check cars for risk factors including:
- Mileage Incon. (incl. Rollback)
- Total loss, plus much more…
Research has shown consumers are more likely to complete online forms when they’re asked to fill in less information, resulting in more potential leads to follow up.
Speed up your online registration processes, improve your customer experience and convert more leads to sales.
Decode data fast using VIN’s or licence plates to pre-populate vehicle information for your online forms.
Contact us to learn more about our solutions.