5 most common car selling scams to watch out for

For the most part, scams in every conceivable form exist in all kinds of services across the board. That is just a fact of life and this is precisely the reason why we need to keep ourselves aware and up-to-date with all the ways in which scam services work. There are no two ways about that fact unless you actually want to get ripped off every step of the way. Most importantly, buyers are not the only victims of this and even sellers can be common targets too.

The basic fact of the matter is that scam services use your ignorance to their greatest advantage and try and peddle new (false) information about car services, claiming themselves to be experts in this regard. However, if you are well-read and aware of how most car services work, there is little doubt that you will be able to see through their web of deceit. Whether this is referring to a scam service that provides car removal in Auckland or even the service of cash for cars in Auckland by Mega Car Collection, that is a fact.

Having said that, there are quite a few aspects that you need to remember before going through the entire process of selling your car. Some of them are : –

1. Buying without looking : Now the mere thought of this might seem ludicrous to quite a few of you out there, but the scam services put this across in such an enticing way that it is an offer that is hard to refuse for quite a few people out there.

However, this should be the first warning sign as this is clearly part of a much bigger scam racket. What happens in most cases is that the buyer will falsely promise to wire money or send a check that will inevitably bounce, while a different person will pick up the vehicle.

2. Cheque payment : Even though this is not always the case, the buyer usually ends up giving you a fake cheque leading you to sign the title before the money clears up. Hence, in the worst case scenario, before you suspect anything, you will end up giving away your car for free. Even fake money orders are part of this scam in particular. Doing your homework when it comes to this is paramount.

3. Overpayment : In this case, the buyer will purposely involve a non-existing third party that owes them money that is more than the cost of the car. Once you have paid up the money, they will promise payment from the third party. To avoid this, make sure that you keep in close contact with every single concerned individual without leaving any task to someone else who is unworthy of your trust.

4. The aspect of payment plans : This is a more subtle technique in which the scam service takes advantage of the fact that you are inexperienced in the realms of finance and hence, purposely misses or stops payments. It is for the best that you avoid these plans altogether since you do not know the science behind them or a proper method of collecting them and making sure that they are taken care of on a monthly basis.

5. Asking for too much personal information : This is a sure shot sign that something fishy is afoot. Most of the times, they end up asking for credit card and social security numbers as well as your bank account information. Worse than stealing your money, this may very well be an attempt at identity theft. So it is up to you to remain vigilant at all times.

All in all, the above list merely warns you of the scams to look out for, but there are aspects that you will need to keep in mind at all times if you are to avoid getting scammed in any way. Some of those aspects include verifying all checks, the documentation of every little step, signing only with the cash in hand and screening callers. Most of all, you need to be patient and trust your instincts whenever you feel that something is not quite right. The very fact that you are having that feeling in the first place probably means that something is wrong.

Above everything else, you need to be aware of the fact that if you have been scammed, you should certainly waste no time in taking it up with the local law enforcement agencies at the earliest with no hesitation whatsoever. Rest assured of the fact that they will do everything possible to help you in every way possible. A lot of people think that the law is not very helpful when it comes to helping out after a scam, but that is more the exception than the norm.

You May Also Like

About the Author: admin

Leave a Reply

Your email address will not be published. Required fields are marked *