BBB Advises Used Car Shoppers: Do Your Research or You Could Be Buying a Stolen car
Central Alabama – July 22, 2009 - As more families look to stretch their dollar, buying a used car, instead of new, is increasingly popular. Unfortunately, some law enforcement are reporting that VIN cloning—which targets used car buyers—is on the rise and Better Business Bureau advises car buyers to do their research or they could unknowingly purchase a stolen car.
Nearly 4 million used cars were purchased in May, up 23 percent over April, according to CNW research. As a reflection of our current economy, at the same time, new car sales are down 34 percent. One scam that specifically plagues used car buyers is VIN cloning, which is essentially auto identity theft used by car thieves to unload stolen cars. According to the most recent numbers from CARFAX, as many as 225,000 of the 1.5 million cars stolen every year have been subjected to VIN cloning.
“VIN cloning has two victims,” said David Smitherman, BBB President & CEO. “The first is the victim who had their car stolen, and the second is the unsuspecting buyer because, when the police track down the stolen car, they’re going to give it back to the rightful owner and the new owner will suddenly have no car or a way to get his or her money back.”
A car’s vehicle identification number, or VIN number, is a unique number that serves as a way to recognize a specific car. The number is also used by law enforcement to track down and flag stolen cars. For this reason, car thieves will “clone” a stolen car’s VIN number to match that of a car that isn’t stolen.
Sometimes the thieves will punch out a new VIN and replace the stolen vehicle’s dash VIN with the new one or they use computer technology to print out authentic looking documents with phony VINs. The last step is selling the vehicle, usually through classified ads or other informal methods. Some altered vehicles end up in auctions, sold through classifieds or on unsuspecting used car lots.
When police are able to track down stolen cars they will seize the car from the buyer and there is usually little recourse for the unsuspecting buyer to get his or her money back.
BBB recommends taking the following steps to avoid becoming a victim of VIN cloning:
For more advice on shopping for a new or used car, visit www.bbb.org
About BBB Serving Central Alabama & the Wiregrass:
BBB is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Businesses that earn BBB accreditation contractually agree and adhere to the organization’s high standards of ethical business behavior. Incorporated locally in 1955, today your BBB services 41 counties in Central Alabama, supported by over 3,800 Accredited Businesses. BBB provides objective advice, free business BBB Reliability ReportsTM and charity BBB Wise Giving ReportsTM, and educational information on topics affecting marketplace trust. To further promote trust, BBB also offers complaint and dispute resolution support for consumers and businesses when there is difference in viewpoints. The first BBB was founded in 1912. Today, 125 BBBs serve communities across the U.S. and Canada, evaluating and monitoring nearly 4 million local and national businesses and charities. Please visit www.bbb.org for more information about BBB.