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June 9, 2011

Odometer Fraud

Odometer.jpgThe Office of Odometer Fraud Investigations (OFI) was established in 1984 and consists of four regional offices, staffed with a criminal investigator and an administrative support staff. Their mission is to reduce the cost of vehicle ownership by stopping odometer fraud.

When purchasing a used vehicle one must consider the safety of the vehicle. Things such as safety belts, air bags, brakes and the like, but one must also consider the vehicle's odometer. A vehicle's odometer is used to determine the wear and tear of the vehicle and if this has been altered or tampered with then it can affect your safety. Some sellers tamper with odometers, and therefore you buy a vehicle thinking it is much newer and safer then it really is.

The OFI is responsible for making sure that odometers are not tampered with or rolled back. The organization works hard at tracking down crime rings that continuously purchase high-mileage vehicles, alter their odometers, and resell them.

Therefore, when purchasing a used vehicle make sure and compare the odometer mileage with maintenance and inspection records. You should also consider the wear and tear of the vehicle with the mileage of the vehicle. Most dealerships can also provide you with a CARFAX report when purchasing a vehicle, and you can review the report for the vehicles history and prior ownership.