MINNEAPOLIS -- GE Fleet Services is providing service information about its off-lease vehicles for inclusion in Carfax vehicle history reports.
Vehicles that qualify receive the Carfax Buyback Guarantee. Dealers and retail buyers are covered by Carfax's pledge that it will buy back malfunctioning used vehicles on which it gave a clean report.
Paul Seger, vice president of asset remarketing of GE Commercial Finance-Fleet Services, says the Carfax reports will help increase the wholesale value of the off-lease vehicles GE sells at auctions by about $300 per vehicle.
GE Fleet Services is a global fleet management company with about $217 billion in assets.