Most people were raised with the value of treating others the way they would like to be treated but unfortunately in this cutthroat society we live in these days, that value gets lost and it becomes every man or woman for themselves. Car title fraud is a prime example of people taking advantage of people for an easy profit. However, car title fraud can be avoided by simply performing a vehicle title history check, according to an article recently published on InsuranceAgents.com.
Knowing why car title fraud exists and how it works is an important stop in prevention. “The main reason car title fraud exists is because states lack conformity on what constitutes a ‘salvaged car,’” states the InsuranceAgents.com article titled, ‘Car Title Fraud: An Introduction‘. “There has been a push for the federal government to step in and mandate what is considered a ‘salvaged car’ so there isn’t a discrepancy between states.”
But until the feds step up to the plate, here are a few simple tasks that be accomplished by the purchaser to avoid car title fraud.
-Perform a vehicle title history check online by running the vehicle identification number, or VIN, of any vehicle made after 1981. -Take a pick from any of the numerous Web sites designed to perform accurate and timely VIN checks.
-Purchase car title insurance. This is relatively low cost and can save bundles if the buyer runs into a fraudulent title.