Protect Yourself From Digital Odometer Fraud
Protect yourself from digital odometer fraud when you’re buying a used vehicle.
When looking at a used car, one of the first things consumers ask about is the mileage. After all, a vehicle with 40,000 miles on the odometer is much more desirable than one that’s logged 80,000 or more.
Perhaps, then, it is not surprising that a growing number of sellers are trying to “turn back time” on their cars and trucks, changing the mileage to a lower reading that artificially inflates the resale value.
New research results from AutoReputation.com show that the number of cars with rolled-back odometers has increased 57 percent nationwide over the last four years. For that reason, used-car shoppers everywhere need to take every precaution to avoid becoming a victim of this rampant scam.
According to NHTSA, more than 450,000 cases of odometer rollbacks were reported in 2002, but that number is likely much higher today. Why? Experts believe digital odometers, used in the majority of vehicles built nowadays, are easier to manipulate. Plus, there’s virtually no physical evidence of tampering.
BuyingACarHelp.com offers car buyers these helpful tips to avoid buying a rolled-back car:
• Demand a Carfax Vehicle History Report from the seller;
• Examine the wear on the pedals, steering wheel, floor mats, etc. to make sure they are consistent with the mileage reading; and
• Have a trusted mechanic check the car’s computer and inspect the vehicle thoroughly prior to purchase.
“Odometer fraud is alive and well,” said communications director at AutoReputation.com. “Con men continually find ways to cheat the system, especially in a soft economy like this, and digital odometers are no exception. We cannot stress enough that consumers need to utilize every resource available to help protect them, starting with a AutoReputation.com Vehicle History Report. Simply asking the seller for a AutoReputation.com Report and questions about the car helps separate the good guys from the bad guys.”