Carfax Buys Back First Car under Its Buyback Guarantee

NEW ORLEANS--Jan. 3, 20051, 2005--Carfax, the leading provider of vehicle history information, today announced that the company will buy back its first vehicle under the Carfax Buyback Guarantee program. The vehicle - a 2001 Chevrolet Corvette--was issued a Salvage Title in June 2002 by the Department of Motor Vehicles.

The Kelley Blue Book retail value was used to determine the amount of the buyback for the car - the vehicle identification number of which is 1G1YY22G915125576. The corresponding vehicle history report has now been updated and contains the notation Salvage Title/Certificate Issued Rebuilt Title Issued.

"It's been nearly a year since we introduced the Buyback Guarantee and the Corvette is the first car we've bought back," said Larry Gamache, communications director at Carfax. "The Buyback Guarantee is proof to both dealers and consumers alike that we stand behind the accuracy of our reports."

Under the Buyback Guarantee, cars purchased with Carfax Vehicle History Reports that do not contain DMV-reported incidents (such as salvage, flood damage, lemon, odometer problems) may be eligible to be bought back from Carfax.

For more information about the Carfax Buyback Guarantee Program, visit www.carfax.com.

About Carfax

Founded in 1986, Carfax pioneered the concept of the vehicle history report. Carfax Vehicle History Reports, the most comprehensive collection of used vehicle information ever assembled, can confirm a clean title history or help purchasers identify previous salvage history, odometer fraud, flood damage and more. Carfax, Inc., based in Fairfax, Virginia, is a wholly owned subsidiary of the R.L. Polk & Co.