How to Avoid Being Scammed When Buying Used Car
Do you know how to avoid being scammed when shopping for a used car? In this article we’ll explore some of the less evident tactics used by scam artists.
Tricks, car scams or fraud, call them what you like, scam artists have been pulling them on car shoppers for years.
Below are some the most popular and perhaps the least obvious.
- The fraud: Paying for the vehicle means that you become its owner.
- The truth: Even if you have keys in your hand and the documents signed, it doesn’t meant that you become the legal owner of the car. The experts state that if the vehicle is still on finance or has been stolen it actually belongs to the original owner or finance organization.
- The fraud: It’s such a deal the customer is required to move fast
- The truth: Shamming that there is a limited amount of time on a bargain is an old trick. If the seller offers you bargain price always ask him why he wants to make less than he could.
- The fraud: Purchasing a vehicle at a mutually suitable public location is secure.
- The truth: The seller might suggest meeting at the place convenient for you. But the experts say to be on the alert. It’s a widespread tactics used by criminals who sell cloned and stolen cars. If you are purchasing privately, always check the vehicle at the registered address of the owner.
- The fraud: A spouse is able to sell a vehicle for his/her half.
- The truth: When you purchase a car from a private seller you negotiate only with the registered owner. Otherwise it will be technically classified as stolen. A spouse has no legal grounds to sell the car. Ask for ID and if you find any discrepancies comparing it with the V5 document walk away and find another car to buy.
- The fraud: Selling a vehicle which has been written off is legal as long as it’s duly repaired.
- The truth: If the insurer sees no economic sense to have the vehicle repaired he writes it off. Vehicles belonging to the category C and write-offs can still operate, as for category A and B they shouldn`t be returned to the road. Experts recommend making sure whether the car you are going to buy is roadworthy.