Now, keep up to date
with daily feeds of newly posted stories
about America's Seniors...click on the box
to the left
Protect yourself from buying a
stolen car or losing your car’s identity
March 2006 (Medialink) -- Afraid someone
might try to steal your identity? How about
your car’s identity?
A new form of car theft
is taking place involving vehicle
identification numbers – and it’s costing
more than $4 billion a year.
Thieves steal VIN numbers to hide the fact that a car is
stolen. They then register the stolen car
under the new VIN number to hide its history
– and keep it out of law enforcement
databases.
In 2004, 225,000 cars were reported with duplicate VINs,
costing the insurance industry more than $4
billion. That means higher insurance rates
for everyone. To avoid buying a used car
with a stolen VIN, check the history of the
title. If it’s been registered several times
in non-connecting states, that could be a
red flag. If you buy a used car that has
been stolen, it could be repossessed.
... ..
...
...