Odometer Tampering and Rollback
Odometer tampering is the illegal practice of rolling back odometers to make it appear that vehicles have fewer miles than they actually have. Odometer tampering has historically been considered a significant problem for consumers.
There are approximately 452,000 cases of odometer fraud per yearin the U.S. The difference between the prices that consumers paid for rolled-back vehicles and the prices and the true market value based on actual mileage average an inflated $2,336 per case of odometer rollback. 452,000 cases is a staggering amount considering that the number of actual victims of odometer tampering is unknown.
Odometer fraud is most prevalent among late model vehicles that have accumulated high mileage in a short period of time -- Vehicles such as rental fleets, leased cars, taxis, police and company cars typically fall into this category. Any one of these types of cars can be unknowingly to you, residing in your local used car dealer's lot.
To help protect against odometer tampering we strongly recommend that you research you vehicle's odometer records buy searching for the presence of a vehicle history report.
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