Craigslist Used Cars And Trucks By Owner - MEMPHIS, TN (WMC) - Private dealers and small car dealers in Northeast Mississippi are struggling after federal regulations passed in 1980 to recall odometers on older vehicles, according to auto history, auto industry sources and state safety regulators. .
The National Highway Traffic Safety Administration (NHTSA) Federal Odometer Act (49 USC Chapter 327, Public Law 103-272) requires dealers and sellers to disclose in writing the vehicle's mileage to buyers. "However, vehicles that are ten years old and older are exempt from the written requirements," NHTSA's Odometer notes about the 40-year-old rule.
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"Cars in those days didn't last as long as today, and there was less odometer fraud involving older cars," said NHTSA spokeswoman Catherine Henry. "NHTSA recognizes that today's vehicles are longer and more likely to be targeted by odometer fraudsters."
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Some dealers followed a paper trail that revealed how they used the 10-year grace period to return odometers. We answered a Craigslist ad for a 2006 Ford F-150 from Tupelo, Mississippi. The ad lists the pickup as $7,750 and says "only 129,000 miles on it."
Along with Chris Basso, Director of Communications at CARFAX Used Car Prices and Vehicle History, we met with "Jeff" who posted a truck ad to look at a truck on a vacant lot in Tupelo. The odometer on the instrument panel showed the truck's mileage at 128,763 miles. Jeff, who did not give his last name, said he was selling the car to a dealer.
Using the truck's identification number (VIN), we ran its history through CARFAX. It shows the F-150 has traveled 188,698 miles. "We've seen the odometer roll over 60,000 miles on this truck," Basso said. "Someone can sell this car and rip someone off."
When we confronted Jeff about the mileage discrepancy, he replied, "I don't know because it's exempt from the mileage (report).
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"They hide behind it," said Randy Paton of the Greater Memphis Auto Dealers Association in Southaven, Mississippi. He said that the network of Mississippi's permission and licensed sellers to use independent sellers to advertise or get in front of cars, to accept exemptions from the federal report to roll odometers on used cars and artificially inflate their resale value.
"They take them back and get a 10-year term or longer, they can turn the car around and sell it to the dealership and get full value," Paton said. "It cuts the price of the car in half."
For example, an F-150 listed at $7,750 with 60,000 miles on the odometer is actually worth about $4,750, according to Kelley Blue Book and CARFAX estimates. "With this truck, the difference is at least $3,000. So putting that mileage after that really increases the cost of this truck," Basso said. "Cars that are 10 years old and older may be exempt from mileage reports, but that doesn't mean you can turn back the odometer."
We pressed Jeff on the broken odometer, the inflated price of the truck, and the name of its dealer. "We are done," he said, leaving us with the truck and driving his car.
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The trail that ultimately led to the seller and the owner of the truck showed how federal regulations failed consumers.
Thanks to the 10-year exemption, Carfax's mileage history for the F-150 ends in August 2016, the truck's tenth anniversary. After an oil change that day in Greenwood, Mississippi, the truck's mileage was listed at 188,698 miles. After this anniversary, CARFAX stopped reporting all truck mileage.
Starting with the dealer logo on the back of the truck -- and we're not hiding the names of car dealers and their general managers in exchange for their sales information -
During our investigation, we discovered that the truck's odometer was changed at least once before Coker purchased it and once after it was purchased:
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*October 2016 (two months after the August oil change was reported on CARFAX): Someone repossessed the truck with 170,000 miles on the odometer at a dealership in Grenada. That's 18,698 miles less than reported two months ago. This is the first reverse odometer feature.
* February 2017: Sold to Coker, 170,000 miles on the odometer. The Mississippi Department of Taxation lists him as the licensed dealer and owner of Bonanza Motors, 1018 Country Road 250, Blue Springs, Mississippi. This is Coker's home address.
"Yeah, Jeff's selling me a truck," Coker admitted outside his front door. I don't know if anyone is there (he turned the odometer). Do not know. But what I'm going to say is out of the blue.
When we explained to him that the federal rule exempts him from reporting the mileage, but not the license to tamper with the odometers, he replied, "I have no explanation. I don't know anything about that. I've never been inside the car, I don't know, we bought it six or seven months ago."
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We have shared our concerns that this practice unnecessarily inflates vehicle prices and is misleading to consumers. "So you're a good Samaritan," Coker replied. "When I got (the truck), you couldn't see the miles. Maybe they had a recording error."
Although he denied that the truck's odometer was tampered with, Coker said his sales account --
. "If you buy TMU, you have to sell TMU or you're breaking the law," Coker stressed. "I don't mind selling the truck. I slept well."
Abuse of the dealer exemption is so common that NHTSA has proposed a rule to end it or extend it to 25 years. "We expect to issue a final rule in the near future," Henry said. NHTSA's comments on the proposed rule change can be found here.
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Currently, the buyer's only protection is to obtain a vehicle history report from CARFAX, AutoCheck or VehicleHistory.gov and compare its mileage to the records. "Buy from reputable dealers. Check the CARFAX report. Test drive it and have the car inspected before you buy," Basso said.
According to CARFAX records, Mississippi has 8,000 odometers on the road or for sale, Basso said. There are 5,000 in Arkansas. There are 20,000 cars on the road or for sale with a fixed odometer in Tennessee. Like any car enthusiast and financially conscious person, I'm always scouring Craigslist for great deals. But I never buy anything, so I torture myself by adding to my ever-growing mental list of missed opportunities.
The Moby-Dick in this catalog is a white 90 Bronco that I shipped in 2012 with a 7.3 liter diesel and five speed transmission that I listed for $5,500. trigger, but then it disappeared. A friend of mine said he saw it for sale again the other day - for $29,900.
When I recently hit another Bronco that looked like a lot of money, I called the owner and told him to consider it for sale. Eddie Bauer's green and tan 1996 Bronco had a ripped rear fender lip, but otherwise looked clean, good paint, and low mileage (for the year). Price: $3,200.
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Well, I already have a 1993 Bronco because my first whiff of white sent me on an odyssey to build myself a replica. So this is going to be an interesting project, and my experience with the truck has led to some uncertainty about the warning signs that come out of everyone's way. When the owner told me not to fill the gas tank full because it would leak, I said, "It's just the filler neck. After I realized I was putting gas on my shoes, I changed mine." Easy fix!
I took my mother-in-law's Yukon XL on a 250 mile trip. Time to stop regretting the things I didn't do and start regretting the things I did! I thought about how smart I was to see the possibilities in an old farm truck - yes, this Bronco had a plow, which was a universal truck symbol all the way to hell. But this guy was selling it because there wasn't enough snow in Virginia. It's like he used the Bronco as a chicken coop for a while, but the raccoon killed all the chickens so it wouldn't be filled with manure, that's how a farm can survive. expectations.
When I arrived at the dealership, I immediately noticed rust bubbling under the Bronco's rear fenders, the yellow part of Eddie Bauer's two-tone paint scheme. You can't tell the difference between brown and black on Craigslist photos
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