Title Washing Is Becoming A Big Problem
There’s no way to get around the fact that vehicles experience damage, often irrevocably, everyday in America. According to recent data, last year, approximately 1.3 million cars were tagged as damaged, either because of accidents or severe weather. When damage such as this occurs, it is required that the car’s official title be “branded†as Lemon, Salvaged, Flood, etc, in order for used car shoppers to be protected from buying a poor product.
However, it is predicted that at least 15% of the damaged cars, or a total of 185,000, have gotten new titles in other states that don’t include the offending “brandâ€. This sort of “title-washing†leaves buyers in the dark, and causes them to purchase vehicles that they otherwise wouldn’t have considered. This is leading to a high level of unsafe vehicles on the road that often requires emergency roadside assistance.
Of course it is no secret that there can be pitfalls to purchasing a pre-owned car. Unfortunately, consumers can inherit other people’s car problems. This is why it is important to do your homework before buying a used car and always access vehicle records online. In addition, you should purchase used car warranties to protect your wallet.