What are the impacts of under-reporting the invoice amount when purchasing a car?

[AlexaLee]

Under-reporting the invoice amount will result in a decrease in the overall coverage amount when purchasing car damage insurance. In the event of a major accident leading to a total loss, the insurance company will use the invoice amount as the basis for compensation. Additionally, in cases of theft, if the owner has purchased theft insurance, the invoice amount will also serve as the calculation standard. Supplementary information is as follows: Suspected tax evasion: Under-reporting the invoice amount when purchasing a car is inherently an act of tax evasion. The role of the invoice: Invoices can protect consumer rights. They play a significant positive role in insurance, used car valuation, and safeguarding product quality rights.