Despite the rise of online shopping and research, there’s a terrible scourge plaguing the car buying marketplace: clocked cars. This is where the mileage reading of the vehicle up for grabs is modified so that thousands of pounds are added to the sale price. It’s a great deal for the seller, but an obviously terrible time for the buyer. OSV LTD, a premier leasing provider, pulled back the curtain on some shocking statistics. They stated that 62% of car buyers are concerned about purchasing one of those badly modified vehicles, but only 13% of that buying group actually understands the dangers of car clocking. Over three-quarters of the buyers surveyed stated that they don’t know how to check for a clocked car.
Debbie Kirkley is the co-founder of OSV and had her own remarks to share. She mentioned that according to prevailing research, there’s one clocked car in every group of twenty cars up for sale. Those are not the type of odds that we look forward to, and she cautions buyers to be careful when they make their purchases. Continue reading “Clocked Cars, The Car Buyer’s Worst Nightmare”