One approach to showing consumer loss is to look at the types of actual expenses a consumer pays as a direct result
of this type of fraud. A typical rollback in a scheme is 40,000 to 45,000 miles. The impact of such a rollback on the
wholesale price of the vehicle alone exceeds $4,000.00. Obviously, retail prices increase even more than wholesale.
(The effect on wholesale values of used cars of a 40,000 mile rollback, is between $3,400 to $4,000, depending
upon the type of car involved and the date of the rollback.)
Maintenance Cost:
Increased maintenance costs are not always reflected in purchase price considerations, as some owners have vehicles
that are virtually worthless as the result of the rollback.
Lost Time:
Buyers of high mileage vehicles frequently spend considerable time dealing with unexpected maintenance --often time
is lost from work when a car is the person's method of transportation to his or her employment.
Taxes:
The sales tax imposed on the amount of the purchase price attributable to the rollback, and property taxes imposed
based on the falsely inflated purchase price.
Finance Charges:
The cost of financing the portion of a vehicle's cost that stems from the rollback.
Insurance Cost: Unnecessary insurance carried due to a false belief that a vehicle is low mileage.
Vehicle Safety:
Additionally, and perhaps more importantly, rolling back a car's odometer directly affects the safety of the car.
(Wear and tear on the engine and suspension system of the vehicle)
When viewed in light of all of these factors, some of which (e.g.,property taxed and insurance costs) are recurring,
it is apparent that an extremely conservative estimate of the average loss pervehicle caused by an odometer fraud
scheme would be, at minimum, $4,000.00.
BEFORE you buy a vehicle, look for signs of wear on the brake and gas pedal pads, or the recent replacement
of the pads. Look for loose screws around the dashboard, observe the wearand tear on seats, or notice new seat cover
installation. Cars with low mileage probably will not have these problems in wear. If the car has less than 20,000
miles, it should not have a replacement set of tires. And if the speedometer cable makes a clicking sound, leave it
alone. Ask for maintenance records of the vehicle and the original owners manual for the vehicle. Don't ever
fall inlove with a hunk of metal; your emotions may override your reason or intuitions. When you consider buying
a vehicle, you should take it to a good mechanic and have him compare the mileage recorded against the overall wear
and tear on the vehicle. This would be money well spent. If the seller makes a statement about the care, maintenance,
prior use or the integrity of the vehicle, get the statement in writing signed by the seller and you.
If you have information on any operation or incident where this criminal act is being committed or of individuals
involved in this crime, PLEASE contact your Florida Highway Patrol at the address listed below. You may remain
anonymous with your informationor be kept confidential.
If you have fallen victim to odometer fraud, take time to writedown the information on the vehicle as to how you
came to buy the vehicle (newspaper, car lot, etc.), who sold you the vehicle, what was said about the mileage and other
information you feel is important about the vehicle. Include why you feel the odometerhas been rolled back or doesn't
show the actual mileage and have the statement notarized. Attach copies of all documents that you have on the vehicle,
include your telephone number along with how you can be contacted and mail them to:
Florida Highway Patrol
Bureau of Investigations - Odometer Fraud
Neil Kirkman Building, Room B472
2900 Apalachee Parkway
Tallahassee, FL 32399-0552