RSS Feed
Today Investigates the Nation’s biggest used car scam. Buying a used car? Don’t just take the seller’s word about the car’s history. You can use a car’s vehicle identification number (VIN) to get information including whether the car is stolen or has been in a major accident or a flood. Since Jan. 30, consumers have been able to research cars through the National Motor Vehicle Title Information System (NMVTIS), a program of the US Department of Justice. The online database includes information for about 73% of the country’s auto population, gleaned from state agencies, junk- and salvage-yard organizations, and insurance companies. Currently information from 38 states is available, and all states are required to fully participate by Jan. 1, 2010. Visit nmvtis.gov, click on one of the listed providers and follow the prompts. Expect to pay between and for a report, because the authorizing law required that federal funds not be used for this database. Used-car reports from commercial companies, like Carfax and Experian’s AutoCheck, have a higher price tag but draw information from a wider variety of sources. A single report from AutoCheck costs .99 (unlimited access for 60 days costs .99) and includes information from all states as well as from some sources not found in the NMVTIS database. When buying a used car, you need to verify the VIN so you are not a victim of this scam: Here’s How to Find Your Car’s VIN Locate your car’s unique DNA – its unique vehicle …
Used Car Scam (The Today Show)
Posted by admin on July 26th, 2010
Posted in 
Tags: 
@mrdanjon
so yeah lets have taxpayers pay for that
really?
The scam artists is a warlord.
wow i would kill the person who sold it to me.
WoW. Thats complete bullshit!
I would be so pissed if this happened to me. Ima do my homework when im looking for my next car in a few weeks.
WoW. People in this world. I just cant believe it sometimes
another reason to buy new. scion, here i come!
what do the cops do with the cars? Why not pay’em back partial? This is fucked up.
this happened in the sopranos sorta. chris moltasantis maserrati
The insurance company now owns the car and will send it to auction to try and recovery as much of their losses as possible.
@jerdans No, the insurance company gets it and they then sell it on or put it through the auction.
so how do you sell a car without a title? and if the original owner of the car gets a check from the insurance company and they get there car back do they have to payback the insuance company?
thats justed messed up
After 3-4 yrs the Insurance Co have payed off the claim.. They have to settle claims during a required deadline. Normally within 90 days or in some cases they have only 2 yrs
i feel sorry for the people who but the car and now they are taking them back they should get a car or some money to buy a new one
Dose the previous owners get their car back after 3-4 years?
I would kill that person if this type of car is sold to me. Car scam is happening in almost every part of the world. So before going to purchase used car, I would suggest you to take the Garage mechanic with you so that he could come to know whether the engine and other parts are original or not