The distance mentioned on the dial of your car dash (odometer) plays an important part in buying it. Usually, the car price drops with the distance it has traveled, provided its engines and transmission are unchanged – as it means that the car has been used accordingly.
However, dishonest dealers or vehicle sellers can often mechanically reduce the mileage shown to boost the old car’s price. It is called an odometer fraud, and the regulatory authority has mandated an Odometer Statement in Florida, subject to conditions, for car dealings.
What is the official stand?
According to the definition provided by the NHTSA, USA, odometer fraud is defined as the “cessation, rearranging and change of a car’s odometer with the intent to change the number of indicated miles.” More than 45000 car buyers in America are duped yearly by over $ 1 billion. Experts recommend checking the car’s odometer statement in Indiana before bargaining.
What does the law say?
The car customers are protected against odometer scams by the USC Chapter 327, the federal odometer law, 1927. It prohibits odometer tampering to reduce the mileage indicated. It has also directed the car sellers to provide an odometer statement in Indiana on the title if the mileage indicated needs to be corrected. However, cars running for ten years or more are exempt from this requirement.
Hiring expert help
The accused becomes subject to civil liability if the court determines fraud intent. The law allows the jury to put a $1500 penalty or triple the damage remedy cost –whichever is greater- on the convicted party and the winning attorney’s fees.
However, it will need property-presented evidence like the seller contract, Odometer Statement in Florida, and others to the court. Hiring an expert agency’s civil lawyers will be helpful.
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