VIN Cloning Scams on the Rise |
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“Scam artists can make off with as much as $30,000 of your hard-earned money and leave you paying off a loan for a car you no longer own,” said Larry Gamache, communications director at CARFAX. “What's worse, you may become part of a criminal investigation as well.” Car thieves obtain VINs by simply swiping the plate or the number from vehicles sitting at dealerships or in parking lots. They then use the swiped VINs to alter ownership documents, or they may forge new documents altogether to hide the stolen car's identity. The best way to make sure your car is legitimate is with thorough research. A vehicle history report, such as those offered by CARFAX, is part of the solution to help car buyers avoid becoming victims. Consumers are advised to follow these steps to help identify a potential clone:
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