Odometer Roll-Backs Have Increased 7% Over The Last Year | Carscoops carscoops
“Many people think odometer fraud disappeared with the invention of digital odometers but that couldn’t be further from the truth,” Carfax public relations director Emilie Voss said. “We’re still seeing the number of vehicles on the road with a rolled-back odometer rise year-over-year.”
Consumers lose an average of $4,00 in vehicle value when buying a vehicle with a rolled-back odometer. Unexpected maintenance costs could also sting buyers, particularly if major maintenance items need to be repaired or replaced earlier than a vehicle’s indicated mileage may suggest. Carfax notes that most odometer tampering incidents see tens of thousands of miles eliminated from a vehicle’s odometer.It’s not just unexpected maintenance costs that could impact your hip pocket.
. Taking a used vehicle to a mechanic is always a good idea as they may notice advanced signs of wear on parts or components that contrast with the stated mileage. Insisting that the seller provides a Carfax Vehicle History Report is also a smart move.
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