Odometer Rollback Fraud. How To Avoid It?
If you purchase a car that has had odometer rollback, you may end up paying more for a vehicle than it is actually worth. You will never know when an actual scheduled safety check is due which could make driving the car a safety hazard.
There are a number of reasons why sellers roll back odometers. There are people who have leased cars who will roll the odometer back so they do not have to pay the lease return mileage fee. For those who have the “know how” and tools, it is quite easy to roll back an odometer. With newer cars, all that one has to do is download a roll back program from the internet, install it on a laptop, and then perform the digital. With the right tools, it is quite easy to physically roll back the miles.
It is possible that private sellers and dealers can commit odometer rollback fraud against the manufacturer, buyer, and lender, with the dealer or seller keeping the illegal profits. Ordinary kind of odometer fraud includes: replacing an odometer without reporting the replacement, not disclosing the actual mileage at the time of the sale, reporting inaccurate miles on a vehicle’s odometer, disconnecting an odometer, not getting a new odometer if it is broken, rolling back an odometer to make it appear that a vehicle has lower mileage, and a seller misquoting the odometer mileage on the documentation that helps the vehicle meet the criteria for manufacturer or lender financing programs.
You can check the mechanical analog odometer’s numbers in order to see if an odometer has been rolled back. Also, look for pencil marks on the numbers. Verify scratches on the inside and edges of instrument cover.
Examine any missing screws dash which may indicate that the dash may have been opened. As well, take the vehicle for a test drive to make sure that the numbers on the odometer move correctly and are not clicking when they turn. You can also check the electronic odometer display. It should only display the number. In case it displays a letter or asterisk symbol (*), this usually indicates tampering.
If you think you are a victim of odometer rollback fraud, you should consult with a Los Angeles Dealer Fraud Attorney.