Is the car you just bought a stolen good?
The scheme is complicated and involves forged VIN stickers and something called "VIN cloning." It starts when a thief steals a car and then finds a similar car and copies the VIN number from another car and puts it on the new car, making it look legit. Because there is little inter-state communication between DMVs, moving a car from one state to another makes it something close to the perfect crime.
The Today Show offers these tips to consumers:
- Be wary of someone who's offering a discount of 50% or more.
- Always pull a Carfax report before buying a car.
- Beware of anyone who wants all cash or is anxious to close quickly.