Online Used Car Scams Still All Over The Place
Online shopping for automobiles could be a wonderful thing and a fantastic way to score a great deal. However, one needs to be careful, as there are a large number of used car cons going on.
More people attempting to scam with cars
No matter what commodity might be involved, the presence of money means that numerous criminals are likely to show up, attempting to swindle whoever falls for their scam. Crooks are generally a minority, except for Wall Street and Washington, D.C., where crooks are the rule, instead of the exception.
A ton of eBay scams and Craigslist scams are starting to show up for used car cons. Used car scams are becoming more and more common and are much easier with the internet in place, according to USA Today. Between 2008 and 2010, there were 14,000 used car scam grievances to the ICCC, according to the Chicago Tribune, and there were 4,066 instances of the scam on the internet in 2011, according to the Internet Crime complaint Center. An estimated $8.3 million was lost.
This year, the ICCC registered 1,685 complaints of used car frauds by the end of July, costing victims an estimated $4.9 million.
Watch out for internet frauds
Online car scams are very different from in person. In percent, car dealers in Everett, WA and all the way to Florida are fairly honest, though you will sometimes find ones that try to sell you a wrecked car or use the "the auto approval fell through" scam.
It is really tough to prove an online scam, and they are different. Usually, the car just never shows up after you pay an upfront, online payment to the person. If you see the car online and say you need to purchase it without seeing it, you should be very careful.
Not all great
Generally, the scam will post a bad story about why they are selling the car, such as divorce most of the time, according to USA Today. Then, the buyer will be emotionally manipulated into buying the car. Rushing a transaction is typically a scam of some sort.
There are a ton of late-model luxury car models used in scams right now, according to Daily Finance, and anything that is too good to be true is a scam, according to Bankrate.com. Keep in mind that sometimes costs are cheaper than normal but not abnormally low for scam artists too, according to USA Today.
Sometimes people will ask you to put the payment on a prepaid debit card or ask you to wire it with Western Union. These are both scams. Always avoid emails promising that you won a free car, and it is always a scam in case you are never able to meet the seller or test-drive the car.
More people attempting to scam with cars
No matter what commodity might be involved, the presence of money means that numerous criminals are likely to show up, attempting to swindle whoever falls for their scam. Crooks are generally a minority, except for Wall Street and Washington, D.C., where crooks are the rule, instead of the exception.
A ton of eBay scams and Craigslist scams are starting to show up for used car cons. Used car scams are becoming more and more common and are much easier with the internet in place, according to USA Today. Between 2008 and 2010, there were 14,000 used car scam grievances to the ICCC, according to the Chicago Tribune, and there were 4,066 instances of the scam on the internet in 2011, according to the Internet Crime complaint Center. An estimated $8.3 million was lost.
This year, the ICCC registered 1,685 complaints of used car frauds by the end of July, costing victims an estimated $4.9 million.
Watch out for internet frauds
Online car scams are very different from in person. In percent, car dealers in Everett, WA and all the way to Florida are fairly honest, though you will sometimes find ones that try to sell you a wrecked car or use the "the auto approval fell through" scam.
It is really tough to prove an online scam, and they are different. Usually, the car just never shows up after you pay an upfront, online payment to the person. If you see the car online and say you need to purchase it without seeing it, you should be very careful.
Not all great
Generally, the scam will post a bad story about why they are selling the car, such as divorce most of the time, according to USA Today. Then, the buyer will be emotionally manipulated into buying the car. Rushing a transaction is typically a scam of some sort.
There are a ton of late-model luxury car models used in scams right now, according to Daily Finance, and anything that is too good to be true is a scam, according to Bankrate.com. Keep in mind that sometimes costs are cheaper than normal but not abnormally low for scam artists too, according to USA Today.
Sometimes people will ask you to put the payment on a prepaid debit card or ask you to wire it with Western Union. These are both scams. Always avoid emails promising that you won a free car, and it is always a scam in case you are never able to meet the seller or test-drive the car.
About the Author:
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