Tag Archives: auto scams

Our dealer fraud site is designed to keep you safe from all kinds of auto frauds and each post is coming to arm you up with knowledge that will help you stand for your rights. Today we will discuss the term of gray market vehicles. What do gray market vehicles mean? Gray market vehicles (also known as overseas vehicles) are those vehicles which are imported to USA from another country and don’t have express warranty that is valid in the United States. Why to avoid buying gray market vehicles? If you buy a grey market vehicle the replacement parts, electrical currents, broadcast frequencies, compatible accessories, English instructions and smog certification …

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Unscrupulous car dealers are the nightmare of all car buyers. To avoid falling for various auto scams, you need arm yourself with knowledge on popular car buying scams. Most car dealers you’ll interact with will probably be nice and law abiding folks who are simply doing their jobs. Unfortunately, among these honest people there will be a lot of fraudulent dealers as well who will try to trick you. However with sufficient homework done, you will be knowledgeable enough to avoid all the possible car dealer fraud attempts. Here are 2 auto sales scams that can be easily prevented: No trade in pay off If you’re planning to trade …

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Buying a car with bad credit is a real chance for some fraudulent car dealers to make a large profit on the buyer. Car dealer loans mostly have unfavorable terms, but the real problem is that in addition to it some auto dealers try to run their various auto scams on you as well. The bouncing check scam is among the top car scams that you should remember and avoid. This is a scam’s scenario is as follows: the car buyer who have managed to get financing is told that the check bounced and thus he/she failed to get financing. Then the dealer offers the buyer financing from the …

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If you have to deal with a car dealer when buying a car, then most likely you’re going to come across “packed payments” which are described below. Market adjustment The dealer will assure you that the vehicle you want is selling like hot cakes. In order to sell you the vehicle, they will do some “market adjustments”. This is shown by a tag near the MSRP tag set by the manufacturer. Even if the car you want is very popular and has great demand, you should not be tempted since getting a “popular” car does not worth paying a few thousand dollars more. Preparation fees While preparing your car …

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Car dealers use trade-in scams to increase their profits on each deal. Be informed of the most common car trade-in scams and keep away from being a victim of car trade-in scam. In case the dealer says he will pay off your current lease or loan, no matter how much you owe, do not agree. Remember that a lease or a loan is a financial contract, and there is no trick to eliminating one when buying a new car. Since this supposed “deal” will only end with you making even higher monthly payments on your new car, it’s best to simply wait until your car is paid for, or …

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Auto repair plaints make up the largest group of consumer grievances. Many of these involve auto repair scams. Auto repair troubles compensate the largest group of consumer complaints. According to the statistics consumers usually lose billions of dollars each year due to faulty or unnecessary car repairs. Whereas the most part of repair shops are honest, undercover car repair stings find dishonest auto mechanics and shops in most areas of the country. It’s not so difficult for a bad mechanic to persuade car owners that unnecessary repairs are needed because the normal person doesn’t know much about their cars. People often have no idea they’ve been ripped off. This …

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For those who are in need of cash to finance the purchase of a car, taking up an auto finance loan is the only way out. When a person is granted approval for an auto finance loan, the lender normally hands him/her the exact amount that he/she has applied for. An auto finance loan is a kind of loan that gives the individual an opportunity to own a car he/she was eager to have. Today most people or organizations cannot be trusted because their word is no longer their bonds and their promises are no longer kept. The only way you can be recommended to avoid being scammed when …

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Used-car buying is a great business wrought with scams. Used-car sellers need to be informed of possible car scams. Here are some of the most common ones: •    Certified Check Scams – This scam is often done on sellers of used cars over the Internet. A buyer informs that he/she wants to buy the car and pay with a cashier’s check. When it comes to the last minute, the buyer brings some reasons that he/she needs to write the check for more money and have the seller wire him/her the difference. Then the check appears a fake one, and this fact can be discovered long after the seller has …

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Buying a car with bad credit may be a great opportunity for car dealers to make a big profit on the buyer. Mostly car dealer loans have unfavorable terms. But the real problem is that some car dealers will try to run their auto scams on you. Here are the top car scams that you should remember and avoid. Most often they employ the bouncing check scam. This is a scam applied to those car buyers who managed to get financing, but are tricked by car dealers and are told that the check bounced and thus they failed to get financing. Then the dealer will offer the buyer financing …

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Online car fraud has become very popular on car auction listings. Much of this online car fraud is from overseas. Don’t rely on the seller’s country of origin or feedback as profiles are bought and sold over the internet. Someone from oversees can easily use a bought or even stolen Ebay profile with great feedback to attract unsuspecting buyers. They copy some photos from the internet and put an unbelievably “great” price on the listing to make a quick dollar on naïve car buyers. Here are some sign of possible online car fraud. 1) Poor English throughout the listing description. 2) Fraudulent escrow services. (See if there is any …

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