Odometer fraud is a type of fraud that is prohibited by both state and federal laws. The laws do not allow the changing, disconnecting, or resetting of a vehicle's odometer to alter the number of miles indicated.
When purchasing a vehicle, you must acquire an Ohio odometer disclosure statement on the mileage registered on the odometer from the dealer. If the mileage on the odometer is incorrect, under the law, a statement must be furnished on the title to the consumer. In this blog, you will learn about odometer fraud and how it happens.
How Does Fraud Happen?
Altering or tampering with the odometer can happen in different ways. An important example is when scammers look to sell customers new cars with more mileage at less by resetting the odometer. People who do not know what the odometer means may not understand how odometer fraud occurs. In this type of fraud, many signs of wear and tear are changed or removed from vehicles by reconditioning or detailing them.
Who Commits an Odometer Fraud?
People who are aware of what the odometer means will know that odometer frauds are committed by car dealers who roll back the odometer of used cars to sell them to public buyers. Odometer fraud can also occur via classified or online advertisements.
Final Words
After obtaining the Ohio odometer disclosure statement, if you find the mileage registered on the odometer is incorrect, you can take legal help and file lawsuits against the dealership with the help of expert lawyers.
0 comments:
Post a Comment