Odometers are often rolled back so the seller can make more money. Cars with low mileage are priced higher. Omit 35000-40000 miles and it will artificially inflate the value to about $2500 to $3000.
Digital odometers were supposed to make it hard for criminals to tamper with them, but they still managed to find a way to hack them.
Most vehicles store their digital odometer reading on the instrument cluster on a re-writable EEPROM chip. Once the chip is located, they will have it desoldered from the board and get it connected to a computer’s serial port where its data can be downloaded and manipulated.
Ponyprog is a popular program known to edit the data from an EEPROM chip.
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Certified cars, also known as “CPO” (certified pre-owned) have become an affordable alternative to new cars. These are vehicles that have been inspected and certified by a manufacturer or another certifying authority. They have an extended warranty, special financing and additional benefits.
These cars are not more than 6 years old and have low-mileage. They passed multiple inspections and have been reconditioned to perform like a new vehicle.
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Lots of people are intimidated by the thought of buying a car and getting it financed. They find it confusing and a lot of times they are afraid because of the horror stories that they hear around them. Most of those stories are true. Lots of times dealerships can take advantage of you when it comes to financing. A lot of times they use it as an opportunity to make more money. However, you can avoid going that route by doing your homework. Make sure that you have gathered enough information to educate yourself before you go out there and agree on any financing terms.
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How To Avoid Odometer Fraud
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