Buying a Vehicle | National Insurance Crime Bureau

When Buying a Vehicle, Don’t Get “Taken for a Ride”

® Service Use NICB ’ s Free VINCheck Service

Cars for Sale NICB ‘s VINCheck is a dislodge service provided to the public to assist in determining if a vehicle has been reported as steal, but not recovered, or has been reported as a salvage fomite by cooperating NICB penis policy companies. To perform a search, a fomite designation number ( VIN ) is required. A maximum of five searches can be conducted within a 24-hour period per IP savoir-faire .

Beware of “Cloned” Vehicles

Vehicle cloning is a highly lucrative crime. Enterprising criminals can copy a VIN from a legally owned and documented fomite sitting in a park lot, on the street or at a fomite franchise. The replicate VIN is then used to create forge VIN tag. Car thieves frequently travel across state and international borders to sell vehicles at the highest prices. Because most license agencies do not check for double ownership when an out-of-state ownership text file is surrendered, the odds of discovery are fairly humble .

here ’ s How the Scam Works

  • The criminal steals a vehicle alike to the one with the legitimate VIN .
  • The stolen vehicle ’ s truthful VIN tag is replaced with the forge VIN tag, making the stolen vehicle a “ ringer ” of the original .
  • The condemnable sells the “ cloned ” vehicle to an unsuspecting buyer, typically using counterfeit possession documents or software documentation they have obtained under faithlessly pretenses .

Avoid Being Taken

  • If you buy a “ cloned ” fomite, it is never very yours. If and when the VIN-switch is discovered, the car you paid for will be confiscated and returned to the original owner or the indemnity caller if a larceny claim has already been paid .
  • Be careful about purchasing a use fomite from person you don ’ thyroxine know who is running an on-line ad and using a cell telephone number .
  • Check the fomite ’ s VIN with allow government agencies or your state agency of centrifugal vehicles .
  • Conduct a title search of the vehicle .
  • Analyze the possession model for any fresh or late-model vehicle with no lien holder ( i.e., no outstanding cable car loans – the seller tells you the car is “ paid off ” ) .
  • If potential, ask person from your indemnity company to inspect the vehicle prior to purchase .
  • Trust your instincts – if you don ’ thyroxine like the answers you ’ re hear or if the manage sounds besides good to be true, walk away !

Water and Vehicles Don’t Mix: Don’t Get “Flooded Out”

A “ deluge vehicle ” is one that has been wholly or partially submerged in water system to the extent that its body, locomotive, transmission or other mechanical component parts have been damaged. If the vehicle is damaged to the point of being inoperable, the owner ’ s insurance company will settle the claim for a total loss and then sell the vehicle as a “ salvage ” vehicle at an car auction .
In some cases, dishonest dealers and other individuals can buy these vehicles, dry and clean them and sell them to unsuspecting buyers as secondhand vehicles. many of these vehicles come on the commercialize after natural disasters, such as storms, hurricanes or other natural disasters involving flood. Dishonest dealers often transport these vehicles to other states and fraudulently obtain a “ clean ” claim ( a crime called “ title washing ” ) .
Owners who do not have policy covering vehicle flood wrong can clean up their vehicle and offer it for sale themselves, without disclosing the damage. Because they did not report a loss to an indemnity company, they will still have the original “ clean ” title for their vehicle .

Don ’ thymine Purchase a “ done for ” vehicle : Take these contraceptive Measures

  • Don ’ triiodothyronine Purchase a “ done for ” vehicle : Take these Preventive Measures
  • Buy from a reputable car dealer .
  • Inspect the fomite thoroughly – search for water stains, mildew, and backbone or silt under the carpets, floor mats, headliner fabric and behind the dashboard .
  • Check for recently shampooed carpet .
  • Inspect the inside upholstery and doorway panels for fade .
  • Check for rust on screws in the cabinet or areas where water normally wouldn ’ t pass .
  • Check for mud or grit in the spare run down compartment, alternator crevices, behind electrify harnesses, around the small recesses of starter motors, exponent steering pumps and relays .
  • Check inside the seat belt retractors by pulling the seat belt all the way out and inspect for moisture, mold or dirt .
  • Check doorway speakers, which are frequently damaged by flooding .
  • Look under the hood for signs of oxidation. Pull back the rubberize “ boots ” approximately electric and mechanical connections for these indicators. Ferrous ( containing iron ) materials will show signs of rust ; bull will show a green patina ; aluminum and alloy will have a white gunpowder and pit .
  • Ask about the vehicle ’ randomness history, and whether it has been in any accidents or floods .
  • Inspect the deed and possession papers for any potential or questionable salvage fraud .
  • Conduct a title search of the vehicle .
  • Have a certify mechanic inspect the fomite anterior to purchasing it .
  • Trust your instincts – if you don ’ triiodothyronine like the answers you ’ re hearing or if the deal sounds besides good to be true, walk away !

Download Vehicle Resources

You can find more information in NICB ’ s “ Vehicle Cloning ” booklet ( english or spanish ) .
These are in PDF format. If you do n’t have it already installed, download Adobe Reader .

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Category : Finance

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