Society

Vehicle History Scams: New Study on Title Washing

The publication focuses on the serious multi million dollar title washing scam which is an issue all across the States. It contains facts and figures (also in the form of infographics), and a personal story.
Alarming signs to worry about when buying a used car
( PR4US.com | Press Release | 2018-11-06 19:43:23 )
Title Washing in America - Lemons without the Lemonade

No state in the country is immune from title washing - there are many car buyers such as Paul in Colorado who fall victims to title washing scams. The practice is so common that as high as 1 in 44 titles in some states have been title washed, legally.

However, a salvage brand doesn’t always make its way onto a title. For instance, we found a 2018 RAM 1500 Pickup at an auction that had obviously been in a serious accident and hadn’t been repaired yet but still carried a clean title. Someone can, and might, buy this car, make repairs, give it a new coat of paint and resell it at full Blue Book value to an unsuspecting buyer.

Unfortunately, it’s not hard to find deals like the one we just mentioned. The danger to unaware car buyers is that they have no idea the car has been severely damaged in the past and may be unreliable or flat out dangerous to drive.

In many states, the practice of title washing is completely legal or the regulations are so lax that it's not hard for crooks to obtain a clean title. Statistics show the following states either allow title washing or have lax regulations to prevent title washing fraud.

New Jersey
North Carolina
Massachusetts
California
Georgia
Texas
Virginia
Washington
Tennessee
Illinois
Mississippi

How to Avoid Title Washing Scams
Title washing is so widespread that you need to be conscious of the signs before you commit to a purchase. There are some obvious signs that can indicate an altered vehicle history and knowing them can save you money, time, and headaches. Make sure you check the car's condition, looks and functionality together with its papers.

“No one wants to discover that the car of their dreams they just drove off the lot spent some time as a water-logged submarine or a twisted wreck, but many folks ARE duped and suffer financial and sometimes physical loss from an unsafe vehicle that has no business being on the road.” - Rep. Cliff Stearns R-FL, Forman Chairman of the U.S. House of Representatives Subcommittee on Commerce, Trade, and Consumer Protection.

The rest of the publication can be found here:
https://vincheck.info/title-washing-in-america/


Press Information


Published by

Hanna Sobolewska
https://www.elephate.com/

Contact Hanna Sobolewska


 

 

 

 

 

 

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact PR4US. We will not be able to assist you. PR4US disclaims the content included in this release.
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