Helping Dealers Fight Fraud
for Auto Dealers on Thursday, February 15, 2018 by Beth WilliamsVehicle fraud is a major threat to both consumers and businesses that rely on the value of those vehicles as the basis for a significant financial transaction. By utilizing ADD’s DMV123 real-time vehicle records inquiries and NMVTIS title checks, you are using some of the best tools available to help protect your business and consumers. With the click of your mouse, you can ensure the vehicle at the center of your business transaction is the right vehicle, attached to the right person.
Auto dealers need to confirm ownership of any vehicle presented to them as a trade. If someone comes to your dealership in a vehicle they say belongs to them, and you don’t confirm it by running a real-time record and title check, you could end up being the victim of fraud. If fraud is being committed, the rightful owner and/or lienholder no longer has their asset, and when it’s all said and done, your dealership has lost all of your investment in both the trade and the vehicle that was sold.
DMV123 offers access to the most up-to-date vehicle registration information contained in 34 state databases. ADD’s National Title Pointer combines information from the National Motor Vehicle Title Information System (NMVTIS) with theft and lien data in a single convenient report.
If you have any questions about DMV123 or NMVTIS title checks, please email us, or call one of our friendly and knowledgeable customer service representatives at 855-300-3455 . Se habla español.