A scam targeting used car buyers has become increasingly prevalent, warns a car expert. Patrick Olsen, the editor in chief of Carfax, has shed light on a fraudulent practice that involves rolling back the odometer to create a false impression of a vehicle’s mileage. This misleading tactic allows sellers to inflate prices, costing consumers an average of $4,000 in diminished value. Olsen emphasizes the lack of a foolproof way to avoid falling victim to this scam. However, he suggests consulting a trusted mechanic and utilizing online services like Carfax.com/odo to check if a vehicle has been flagged for an odometer rollback. With no specific model year exempt from this deceit, buyers must exercise caution when purchasing used cars.
Carfax Exposes Widespread Used Car Scam: Odometer Rollbacks Cost Shoppers Thousands
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