Odometer Rollback Scams
Odometer rollback can increase the resale value of a high-mileage vehicle and increase repair costs down the road.
Every car buyer checks the odometer since a vehicle’s mileage affects its value. The higher the mileage is the less you pay and vice versa. This makes interfere in the odometer very tempting for individuals selling cars. Rolling back the odometer puts a little extra money in their pockets. Only imagine how much a car dealership could make doing this. Usually the dishonest car dealers are caught red handed engaging in odometer rollback scams. Their gain is your loss. The dealer makes extra money and you are stuck with a vehicle that’s not as good as you thought it was.
What Odometer Rollback Costs You
1. The first is obvious; you will pay more than you should have for the vehicle.
2. The maintenance will cost you more than you anticipated.
3. Old and high mileage cars require frequent servicing. This is where an odometer scam will hit you right in the pocketbook.
4. Car repair costs add up quickly. That’s one reason dealers roll back odometers.
Tampering with an odometer is a crime
Odometer rollback is prohibited by state and Federal laws. Besides, dealers and individuals selling cars are required by law to provide purchasers with accurate odometer information. For example, car buyers have a right to know the full amount of miles on the odometer and must be told if that mileage reading is accurate to the best of the sellers’ knowledge. Tampering with the odometer to make it appear that a car has been driven fewer miles than it actually has is illegal. It’s also illicit to disconnect your odometer if the intention is to deceive. Odometer disconnecting for upholding the value of the car is in violation of the law.