Auto Fraud is Rising

Auto Fraud is Rising
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[sprague]

So a family shows up to sell all four of 'their' cars at the same time. Happens every day...no red flags at all. SMH

[ADHDOCD]

Not just auto, frauds are rising in every area of life!

[grandroofing]

Its worse than most people think. Scams are extremely high!

[nothingtoseaheardammit]

The United States used to be a "high trust society" where we could reasonably assume that the other parties involved in normal transactions were on the up and up. No longer.

[RedLeo-pfyo]

Seems like the entire world is ripping off each other. Good thing I’m already broke.

[elicash]

After seeing what dealers have done to people for years, I will never ever ever ever feel bad for a dealer getting screwed. Let’s be honest the guy thought he was getting a great deal and just took it.

[bigal]

It's a shame....honesty and integrity should be the bare minimum that we expect from and offer to each other.

[Bekssss]

People need to understand USA today and even 10 years ago it's completely different countries. I moved form East Europe 15 years ago and I can see all this crime from past now all over US

[garyday]

The small mom and pop car lot that got scammed did not think about why the cars were too cheap. Goes back to if something sounds too good to be true, it probably is. Alarms should have went off in their thinking to do more investigating before handing over any money.

[technoxtreme]

People with good knowledge of this business (like you Lucky) could start an insurance business specializing in title fraud, just like that in the real estate market when it began to experience title issues and fraud. The economy gets worse = more desperate people.

[LouisHansell]

If Mannheim could somehow determine the cars were stolen, and it didn't take them long, why didn't the dealer use the same facility?
Are the stolen cars returned to their rightful owners?

[Greyline]

Lmfao I got my lien released after paying my car off and the bank lady gave me lien release paper and I couldn’t help but just stare at it and think “ is this a joke? This looks like a regular piece of paper I can just print out”

[phillyfathead]

Excellent video content and ur 100% correct we are in a recession and have been for a while!!

[eribaquera]

3 weeks ago I got sent for a loop I'm out of colorado a bought a newer 2021 truck had a Texas title I did a carfax checked the title and the Vin on the truck everything looked good called the county in Texas said the Vin wasn't showing up as stollen went to my local dmv to get it registed everything was looking good until a certified Vin check was done the truck was stollen the title was real but didn't belong to the truck was a duplicate

[dcsking]

That’s messed up! Dealerships should have immediate access & a dedicated number they can call in to get direct assistance from the DMV/ MVA.

[EMichaelBall]

Often, the VIN on the frame and the VIN on the OBD computer will not match. Every time, the car is stolen.

[mattyounis]

Agreed the economy sucks and inflation is still thru the roof

[joshuarymer]

What can you as a consumer do if a dealer has sold you an unsafe car with frame damage and rust and were told nothing about any wrecks and they say it’s good to go on carfax and then you do your own carfax and you buy it and it breaks down within 3 hours of driving it, so you take it to a shop and it has $5800-$6800 in needed repairs? I live 2 hours away from where I got the car so I couldn’t take it to my mechanic until I bought it and drive it home. So now I’m screwed I think but I will be filing a complaint with the BBB and FTC because I have already talked to some more people who have bought cars from them and say the same thing, they break down and then he ignores you.

[johnmoore]

What about asking for their insurance policy on the vehicles? If the sellers don’t have insurance, that’s a red flag. The county tax assessor should also have the license plates and VINs. You could call the tax assessor to see if the seller is registered for those vehicles in the county they live in.

[AquAcid]

pro tip get a OBD scanner that can show you the VIN number on the ECU, I went to look at a truck when we hooked the scanner up noticed the VIN on ECU didn't match the title, the seller was acting sketchy and that was what reinforced my decision to run away from that deal!