Odometer Rollback Fraud Explained & 6 Proven Ways To Protect Yourself
Is odometer rollback fraud still an issue today" After all, vehicles are more technologically advanced and record mileage digitally now. This comprehensive guide will shed some light on odometer rollback fraud, including how common it is and what you can do to protect yourself when shopping for a used vehicle.
What Is Odometer Rollback Fraud"
Also known as ?busting miles,? odometer rollback is the act of tampering with a vehicle that results in a mileage reading lower than what it has actually traveled. The primary motivation for odometer rollback and tampering is to increase the sale price of a used car.
Odometer rollback fraud has been a problem ever since manufacturers started placing odometers in their cars. Back in the day, when manufacturers made cars with mechanical odometers, rolling back meant manually changing the number on the device and fitting it back into the dashboard.
The world has gone digital, and cars are no longer using mechanical odometers; nearly all modern cars record mileage electronically now. Unfortunately, scammers have gone digital as well. Instead of manually rolling back the vehicle’s odometer, they tamper with the software. So, despite many advances in technology, this deceitful practice still continues.
The impact of odometer rollback fraud is not cheap either, as the National Highway Traffic Safety Administration (NHTSA) estimates it results in $1.05 billion in losses every year in the United States alone.
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