12 May Vehicle selling scams are real
You’ve heard it all before where a fake vehicle is advertised online at a price that will attract you as the buyer. When you respond you receive more photographs of the car, an explanation of why the vehicle is at a reduced price and an emotional story about why the sale is so urgent.
Once you fall for the photographs and the emotional story, you make the payment in anticipation of receiving the car and feeling good that your purchase helped someone. The only problem is, the seller has disappeared with the non-existent vehicle.
Here are some tips to help you avoid getting caught.
Profile the seller
A quick search on social media should introduce you to the person putting a face to the name. If you can’t find them, chances are they are scammers. But don’t be fooled scammers will go to great lengths to appear legitimate.
Search the internet for the vehicle you are looking to purchase. If it appears in multiple searches in different places, it may be a wider scam looking for victims. Alarm bells should ring if the same car appears in many cities!
Leave out the emotions
Don’t be pushed to make an urgent upfront payment with a story designed to get your sympathy.
Too good to be true
Remember that if the deal sounds too good to be true, it probably is.
Don’t trust any Escrow site that a seller recommends, instead work with your bank to safeguard your funds.