Motor vehicle fraud is becoming increasingly common and takes many different forms. As scammers become more sophisticated, it becomes more difficult to avoid falling victim to a scam. We want to help you become a savvy consumer and hopefully protect yourself and protect some of your biggest assets: your vehicles.
Here are some of the most common types of motor vehicle fraud we see, how to look out for these types of fraud, and what to do if you think you might be a fraud victim.
Title Fraud
Title fraud occurs when someone changes a title or vehicle to misrepresent or obscure facts about the car or who owns it. They might change the mileage on a title, change the VIN to a different number that what was originally purchased on the title, or changed the branding of a title (e.g. removing a salvage branding). Purchasing a vehicle from an individual can mean you get a good deal, but you should take extra steps to make sure the deal isn’t too good to be true.