Tag Archives: Car scams

Used cars are perfect for those who either refuse to pay the sticker price on a new vehicle or for whatever reason prefer a worked-in vehicle. However, buying a used car can be risky and may present a danger for the driver’s safety. If you are going to buy a used car, there are certain non-expert things that you can look at while investigating the car. Serial number stickers Serial numbers that do not match or stickers that have obvious signs of tampering are good clues that the parts might have been switched with another vehicle's because of a damage. The tires When inspecting a used vehicle, examine the …

Read more Comments

1

You don’t have to try hard to find a car buyer who has been scammed by a dealer. The possibility of becoming a victim of various car scams increases especially in big cities. Here are some car scams you should know about in case you are going to make an important purchase like that of buying a car. • Be aware from a dealer who says something like "With your credit score you cannot qualify for competitive financing rate." The statement may only be true if you were in a habit of missing your payments previously. Some dealers often make profit on the unawareness of the car buyer by …

Read more Comments

1

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 …

Read more Comments

5

This is a common car dealer scam that works this way: the dealer tries to sell you a car that has previously been wrecked and tells you that the car is in a great shape. The car has the federally required Buyers Guide sticker which states: “As Is, No Warranty”. This means that you are buying this used car and realize that you cannot return the car, because you agreed to accept any damages that accompany your “As Is, No Warranty”. People get tricked and believe the dealer when they are told that the car was never wrecked. A few weeks later when running an AutoCheck Vehicle History Report …

Read more Comments

0

When dealing with car dealers, you as a potential car buyer need to be very careful in order not to become a victim of car dealer fraud.  Here are two of the newest car scams you should learn about. Spot Delivery The scenario of this scam is as follows.  When you decide which car you are going to buy and are ready to fill out all the paperwork , the car dealer tells you that your loan hasn’t been “officially” approved yet, but you can drive the car home. You are satisfied with the dealer’s proposal and drive the car home without thinking about possible consequences. A few days …

Read more Comments

8

It stands to reason that car insurance fraud scams are dangerous. People usually get injured, and sometimes die from trying to stage an accident to claim the insurance. Car Insurance fraud is one of the most popular types of fraud in the area of car fraud. A vehicle can have some parts replaced and evidence destroyed if need be. Also being mobile and easily transferred, this makes a car almost ideal for the purposes of insurance fraud. Let’s start with the well-known car insurance fraud that comes to be one of the most basic car scams. Two people organize an accident, where one driver has insurance and the other …

Read more Comments

2

Curbstoning relate to car dealers who try to avoid the law by selling their vehicles on the street, by pretending to be private sellers. In this auto scam dishonest car dealers use curbstoning as a means of bypassing  their state laws which govern the sale of cars. Inferior Cars Curbstoning car dealer usually use this car scam in order to offload the type of vehicle they would resist to sell through their dealership. There will be several cars for sale in the same place, often parked along the curb, hence the name ‘curbstoners’. Typically, these cars will be ones with problems, that are hard for the dealers to sell …

Read more Comments

0

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 …

Read more Comments

26

It never stops to amaze us how cunning some car dealers are — to all the time they are trying to find new ways to take advantage of car buyers. Here are two of the newest car dealer tricks that we have not written about yet: 1. Spot Delivery: You have chosen the car you want, filled out all the paperwork (including the car loan application with the car dealer’s finance department). The car dealer notifies you that even though your loan hasn’t been “formally” approved yet, you can drive the car home anyway. Do Not! Here is what can happen if you do: A few days later, you …

Read more Comments

0

A car dealer is often represented as a vermin just waiting for an unsuspecting customer to come along. This occurs as several people suppose that they are always on the prowl for unsuspecting buyers that are not very knowledgeable about cars. This can be unjust as someone can argue that there are car dealers out there who would not cheat just to get an extra profit. How do you tell the diversity? In order not to become a victim of car dealer fraud, look at the following auto financing scams. Yoyo scam You will be allowed by the dealer to bring the car home as soon as possible. The …

Read more Comments

0