Different Car Scams and Fraud Alerts
Every car buyer may become a victim of a car scam and that’s the reason why they should enter a dealership with the knowledge of how to protect themselves from various scams and tricks.
Following are some fraud alerts that you should be aware about:
- Beware of escrow services that ask you to transfer money via MoneyGram and/or WesternUnion.
- Beware of all the sites that end with an “.org” in the domain name. All escrow companies are profit organizations and not the vice versa.
- Escrow sites that have a dash in their domain names are fakes.
- If you are buying a car from the dealership and the dealer does not let you have the vehicle inspected by an independent mechanic, then do not buy the car.
- When dealer is trying to shift you from the total price of the car onto the low monthly payments, then you should be careful not to fall a victim of the “monthly payment scam.”
- If the dealer tries to sell a car “as is”, then you should not buy it. The thing is that they usually sell previously damaged, wrecked or salvaged vehicles on an “as is” basis.
- Do not trust the dealer, when he is trying to conceal the car’s history from you and is refusing to provide you with the VIN number of the car so that you cannot look its history up in the Internet.
- When dealer tells you that they will complete the paperwork after you leave the dealership, do not trust them. It is quite easy to add a few lines on the documents and then require higher interest rates or higher monthly payments than it was negotiated about previously.
Some car dealers sometimes practice car scams that are even more difficult to detect. However, if you follow our blog, you will get the necessary information for you to avoid any car scam.