Nissan First to Protect Certified Pre-Owned Vehicles with TitleGuard and Experian AutoCheck
Nissan Certified Pre-Owned Customers Receive a $50,000 Insurance Policy Against a Vehicle's Hidden Past
SCHAUMBURG, Ill., and SAN DIEGO, Oct. 24 -- Vehicle Title LLC and Experian Automotive today announced that their products, TitleGuard Vehicle Title Insurance and the AutoCheck vehicle title history service respectively, have been selected by Nissan to provide insured vehicle title histories for all certified pre-owned (CPO) vehicles sold in the United States -- more than 42,000 vehicles in 2004. Nissan's new Certified Pre-Owned (CPO) program includes a $50,000 title insurance policy that insures the accuracy of a vehicle's title history for as long as CPO buyers own the automobile.
AutoCheck first scans Experian's National Vehicle Database, the largest automotive vehicle database available, to document and confirm that each CPO vehicle has a clean title history. Once confirmed, TitleGuard insures the accuracy of the vehicle's title history report against hidden DMV brands, title defects, and evidence of odometer rollback for up to $50,000.
"This partnership marks a key milestone for our companies," said Tom Rubadue, president of Vehicle Title LLC. "Nissan is known for creating some of the world's most exciting automobiles."
"Consumers deserve peace of mind when purchasing a pre-owned vehicle. They deserve the most up-to-date vehicle title information available," said Scott Waldron, president of Experian Automotive. "AutoCheck and TitleGuard bring an additional dimension of worry-free ownership for pre-owned vehicle buyers."
About Vehicle Title LLC
Vehicle Title LLC is a joint venture between The First American Corporation, a Fortune 500 company and innovative leader in the title insurance industry that traces its history to 1889 and Experian Automotive, the automotive industry's premier information and vehicle history data supplier. By combining the strengths and expertise of these two companies, Vehicle Title LLC maximizes its efficiencies to deliver TitleGuard Vehicle Title Insurance to the used car buying and selling public. TitleGuard is the first and only product that insures used car buyers, sellers and lenders against the actual losses that can result from unreported DMV title defects for up to 100 percent of the vehicle's fair market retail value, to $50,000. For more information on The First American Corporation or TitleGuard, please visit http://www.firstam.com/ , or http://www.autotitleguard.com/ .
About Experian Automotive
Experian Automotive delivers information solutions to manufacturers, dealers, finance and insurance companies, and consumers. Experian helps automotive clients increase customer loyalty, target and win new business, and make better lending and vehicle purchase decisions. Its National Vehicle Database, housing more than 450 million vehicles, along with Experian's credit, consumer and business information assets, meets the industry's growing demand for an integrated information source. Experian's advanced decision support services help clients turn this information into improved business results. Experian technology supports several top automotive web sites including eBay Motors, CarsDirect.com, Yahoo Autos and NADAguides.com. For more information on Experian Automotive and its suite of solutions, visit http://www.experianautomotive.com/ .
About Experian
Experian is the global leader in providing value-added information solutions to organizations and consumers. It has an unrivaled understanding of individuals, markets and economies around the world. Experian provides information, analytics, decision-making solutions and processing services. It assists organizations in understanding their markets and customers and helps them find, develop and manage profitable customer relationships to make their businesses more profitable.
Experian promotes greater financial health among consumers by enabling them to understand, manage and protect their personal information and helping them control financial aspects of key life events. Experian works with more than 50,000 clients across diverse industries, including financial services, telecommunications, health care, insurance, retail and catalog, automotive, manufacturing, leisure, utilities, e-commerce, property and government. A subsidiary of GUS plc with headquarters in Nottingham, UK, and Costa Mesa, Calif., Experian's 12,000 people in 28 countries support clients in more than 60 countries. Annual sales exceed $2.5 billion.
For more information, visit the company's Web site at http://www.experian.com/ .
The word "Experian" is a registered trademark in the EU and other countries and is owned by Experian Ltd. and/or its associated companies.