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More than 190,000 cars have their odometers rolled back every year, potentially costing victims in excess of $760 million in lost value and unexpected repairs.
Odometer fraud is a major problem for consumers and happens in every state. So, what do you do if you’re a victim of this scam? Unfortunately, many people who unknowingly buy a rolled-back car don’t know who they should report it to or contact an agency that’s unable to help them. So who do you […]
I was going to buy a low milage Expedition in excellant condition. I ran a CARFAX which showed the car was last smogged with over 200,000 miles on it and not the 52,000 shown on [the] title or odometer. I tracked down and called the previous owner who verified that the car was in excellant […]
[youtube=http://www.youtube.com/watch?v=fGFyfAmtOVc&w=520&h=294] 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 […]
Despite increased safety measures and increasingly stringent laws, consumers still fall victim to odometer fraud daily. Due to a lack of consumer awareness, consumers think that the oldest car fraud in the book couldn’t possibly happen to them in today’s era with safer vehicles and digital odometers. That was the general idea when digital odometers […]