I bought a 2001 IS 300 in Ma just about three years ago on 2/24/05. When i bought it i did a carfax vehicle report on it and the car was said to have a clean title (thats the only way the bank i go through will loan you money is if the title is clean). Well 3 years later I looked into trading it in. The dealership i brought it to ran a carfax report and now the car comes back as being in a collision and having frame damage. On the report it says that carfax started reporting about this car like two months after i bought it. How is it that nearly two years after the car was in the accident and I had bought it the damage is finally disclosed and added to a report? I feel used and now I'm screwed because i owe a lot more on the loan than the car is even worth. From this the trade in value of the car dropped about 50%.