Here’s a new twist on an old used car scam.
Scam artists have been rolling back odometers for years, but now it may be even easy to do it with the introduction of digital odometers. All you need is a laptop and a simple Google search to find software that could roll back your odometer in seconds. The National Highway Traffic and Safety Administration (NHTSA) estimates about 450,000 cars have the odometers rolled back every year. It’s possible to take up to 35,000 to 40,000 miles off of each odometer which artificially inflates the value, and in addition anyone who buys these cars may have costly repairs sooner than expected.
Here are a few simple tips to help you avoid being a victim:
- Makes sure the wear and tear on the inside and outside of the car match the mileage reading on the odometer.
- Get a CARFAX vehicle history report and follow the mileage history.
- Finally get the car inspected by a mechanic before you buy it.
How many miles does your car have?
Upload a picture of your odometer to Facebook and help us reach 1 Billion Miles!