Odometer Rollback Fraud Spot It Before You Lose Thousands
While choosing to purchase a pre-owned vehicle is often considered a wise financial decision knowing how to spot some potential flags can make all the difference. Car buyers typically pay close attention to the vehicle's condition, maintenance history and mileage as it is displayed on the odometer. Unfortunately, the odometer may not always display the vehicle’s actual mileage. In fact, odometer fraud remains one of the oldest and most popular scams in the automotive industry, costing unsuspecting car buyers over one billion dollars every single year. odometer-rollback-fraud Odometer fraud occurs when someone intentionally alters or misrepresents a vehicle's mileage to make it appear less used, thus artificially inflating its value. Dishonest sellers and criminals can profit significantly by rolling back the odometer. The result is that buyers often overpay for a vehicle while unknowingly inheriting costly maintenance and repair issues. W...