AI: Friend or Foe?

November 1, 2023

AI: Friend or Foe?

Technology is being misused by some people instead of being utilized for its intended purpose. In the auto industry, paystub fraud is on the rise, and individuals can now generate fraudulent paystubs using AI technology and apps on their mobile phones. This is alarming because these people can walk into car dealerships, purchase vehicles, and provide "fake proof of income" they created themselves.

Are you concerned yet? If you are a dealership, are you equipped to distinguish between genuine and fake pay stubs? I recommend reading Gil Van Over's article "Paystub: Real or Fake?" and developing a strategy to differentiate between genuine and fake pay stubs in your dealership. When in doubt, it is best to trust your instincts and only proceed with a sale when all the numbers match up.

Written By: Stephany Whitted

IMAGE: Pexels/John Guccione