Buying a Used Car: Common Fraud Tactics You Should Avoid
The second-hand car industry is fraught with fraudsters. This means that you cannot afford to take any chances when shopping for used cars in Provo. If you are new to buying used cars, it is important to do your homework well on the common fraud tactics to avoid. This article highlights some of those tactics.
A used car’s mileage is among the most important things that potential buyers inquire about before seriously considering to buy a vehicle. This means that most dishonest sellers doctor up the odometer to give it a different mileage reading.
Whatever you do, do not assume that tampering with a digital odometer is impossible. To be on the safe side, it is important to check the physical condition of the car. The level of wear and tear on the steering wheel, brake pedal rubber, and the seats communicates a lot regarding mileage.
This type of fraud happens when the owner does not have a legal right to sell their car owing to outstanding finance on the vehicle. When you buy such a vehicle, you will not get the title of the vehicle until the balance is settled.
You should also beware of sub hiring. In this case, the seller agrees to continue the payments. In case the seller stops paying, the finance house will obviously repossess the vehicle. Sub hiring is also illegal.
Title washing hides the true history of a damaged car. If a vehicle has a salvage title, its value decreases. However, fraudsters have a way around this. They register it in another state and advertise it as a regular title. Conclusive research on an auto’s history will help you determine if it has a salvage title.
To avoid the risk of falling prey to fraudsters, it is advisable to buy your used car from a dealership. Since not all dealerships are reliable, it pays to research potential dealerships before contacting them.