Watch For Odometer Rollbacks When Purchasing Any Used Car

Consumes Who Buy Used Cars Must Be Alert
Most consumers look to used cars when it comes to saving money on their car purchase. But there is a very serious caveat that all potential buyers must be aware of. That caveat is odometer rollbacks.

If you don’t know what an odometer rollback is, learn now as opposed to finding out the hard way. In simple layman’s terms a odometer rollback takes place when a person, business or car dealer commits what is called odometer fraud.

You need to know that this type of fraud is commonplace when it comes to selling used cars.

It takes place when a person, business or car dealer has a vehicle that has an actual mileage of one hundred and seventy thousand miles and someone goes in and rolls back the odometer to read as though it has eighty one thousand miles.

Essentially what they did was shave off almost ninety thousand miles off of the vehicle.

Wow! This Car Is Has Low Mileage???
No! Actually, the car has one hundred and seventy thousand miles! But most used care buyers will not even think to check or confirm the actual mileage. Of course, this is what the person selling the vehicle is hoping for.

They want buyers who look at the odometer and go, “Wow! I’ll take this low mileage vehicle today!” As you can imagine, all kind of issue can transpire with these types of fraudulent transactions.

Firs and foremost, the vehicle has more wear and tear than was represented to the buyer. That means the maintenance costs are going to be higher. Think about this for a moment. Let’s say you purchased a car that you believed had thirty four thousand miles but turns out the vehicle actually has one hundred and sixty two thousand mile, are you going to be upset?

Let’s say that particular vehicle was known to need a transmission replacement at one hundred and fifty thousand miles and according to the maintenance records, the transmission has yet to be replaced. Now, you can start to see how odometer fraud is so serious. This crime is no different than if someone sold you a diamond ring that turned out to be a Cubic Zirconia.

No One Should Buy Used Cars Went Through Odometer Rollbacks
That statistics from the National Highway Traffic Safety Administration are actually startling when you stop and think about it. Per the NHTSA, every year American consumers lose “Billions” of dollars due to the odometer fraud and odometer rollbacks.

Used car buyers are put at risk because they end up purchasing vehicles that have higher actual mileage and consequently come with higher risks in terms of maintenance and repairs. And of you thought the newer digital odometers were hard or impossible to be tampered with, think again!

Digital Odometers Are Easy To Hack And Rollback
In reality, digital odometers are probably easier to hack than the old fashion odometers. As of the moment, those who roll back digital odometers can actually purchase software programs and applications that make committing odometer fraud a piece of cake.

That being said, heed this advice and employ the Ronald Reagan Rule when it comes to buying a used car. If you don’t know, the Ronald Reagan Rule is, “Trust But Verify!” Once any car seller, whether they be from Craigslist, a private seller, a small car lot or a major car dealership, shows you the mileage, you can trust them if you please - but you also need to verify the actual mileage.

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