10 Cars Models for which Fraudulent Auto Loan Applications are Most Likely

Not even a global pandemic deterred fraudsters from seeking to exploit and capitalize on a distracted workforce and weakened economy. 

The team of fraud analysts and data scientists at Point Predictive is constantly surveying loan activity in concert with our patented machine learning algorithms. They took a look back at 2020’s suspicious auto loan applications to see which vehicles were most commonly involved in a suspected or confirmed fraudulent loan application. Here are the top 10. 

10. BMW i8

  9. Rolls Royce Ghost

  8. Dodge Charger

  7. Ferrari California

  6. Mercedes Benz – CLS

  5. Genesis G70

  4. Chevrolet Silverado

  3. Nissan Titan XD

  2. Dodge Challenger

  1. Mercedes Benz – GLC

Clearly, luxury cars and expensive trucks were the targets of fraudulent activity, more than any other category of vehicle. And one thing is for sure: auto fraud is not slowing down. Now more than ever, lenders need to be prepared and equipped to prevent fraud effectively and efficiently.