Four Common ‘For Sale By Owner’ Ploys
Odometer rollback
A savvy for sale by owner can always rollback the odometer reading to ask for a greater used car price. In a used cars for sale by owner transaction, a buyer has no way of validating whether a vehicle’s odometer has been modified. With an auto dealer, car consumers have resources, as well as recourse if a vehicle does not live up to its mileage history.Title Fraud
In certain for sale by owner sales transactions, auto buyers don’t always have the vehicle’s automobile’s title. The title issue can morph into a legal fiasco for the auto buyer.Curb-stoning
One common fraud technique involves an imposter, posing as private auto seller. In actuality, the “used cars for sale by owner” is really a unlicensed dealer, repetitively “flipping” vehicles and profiting. The fraud is referred to as curbstoning.Read more about the signs of curbstoning: http://www.carfax.com/guides/buying-used/things-to-avoid/curbstoning
Falsified Vehicle History
Another unsavory tactic, often deployed in a used car for sale by owner transaction is a failure to disclose a vehicle’s history. An auto buyer has no way of knowing if pre-owned vehicle consists of salvaged parts. In contrast, it is illegal (in most states) for auto dealers to sell salvaged vehicles.Buy your next used car with confidence at the premier auto dealer in Raleigh, Elite Auto Sales.