Does Slick’s low mileage, late-model car sound too good to be true? Probably is!
With the new-car market lagging and the used-car market catching momentum once again, and with a record number of vehicles coming off leases, sleazy middlemen and low-life used-car dealers out to make some cheap bucks (and give the honest ones a bad name) will be especially busy rolling back odometers.
That’s right: Even though it hasn’t received much press in recent years, odometer fraud is just as prevalent, if not more prevalent, than ever. "We see this with every economic period. When interest rates go up, more vehicles get clocked," said Richard Morse, director of the National Highway Traffic Safety Administration’s Odometer Fraud Program.
Odometer Fraud - AutoTrader.com