Odometer Fraud still а Serious Issue: Look out for Signs
Any manipulations with odometer are illegal. In spite of this odometer fraud is still rampant. According to official data, half a million vehicles with false odometer readings are sold in the U.S. every year. You might suppose that modern cars come with digital odometers and it will be hard to roll them back. But as it turned out, fraudsters can tamper with these odometers using special software.
Some dealers sell vehicles without disclosing the tampering fact. This helps them increase their profit. Cars with high odometer readings cannot have high prices. By rolling back the odometer, a dealer gets the chance to sell the car at a higher price.
As a rule odometer fraud is not just a cosmetic «upgrade», it supposes recondition of the paperwork. When the vehicle is sold to another owner declaration of odometer mileage statement is included in automobile titles when. Оdometer tamperers use a full arsenal of tricks to conceal actual information about car`s actual mileage. They usually do away with original title documents and use duplicate certificates with lower mileage figures instead, or create transfers to false dealerships so no one can find out who is to blame for odometer fraud.
It`s very difficult to spot cars with «rolled back» odometers. Following tips will help you to find out whether the odometer shows the true or false mileage.
- The mileage of the vehicle should correspond to its age. If a 5-year-old car has less than 60, 000 miles on it, it`s a red flag for you.
- Have a look at the odometer numbers; if there are spaces between the rows, you`re probably facing an odometer fraud.
- Tires will help you to detect if the odometer shows true mileage. Find a DOT mark on the tires and read the last four numbers. If the odometer shows 20, 000 miles, the original car tires should still be on it.
What to do?
Odometer fraud can result in frustrating breakdowns and costly repairs. If you suspect that you are a victim of odometer fraud contact attorney Hovanes Margarian for legal help.