Selling a car online? Avoid these common scams - Confused.com.
Online car sales scam (buyer) Download PDF Listen. Online car sellers are being targeted in an elaborate scam involving bogus buyers and fake PayPal transactions. Car sellers who placed classified advertisements with legitimate car sales sites have been approached by overseas buyers who, at first, appeared genuine. Sellers of motorbikes, caravans, trailers and even horse floats have also been.
Common Scams for Vehicle Sales. Though not every transaction is a potential scam, you will need to use caution when dealing with an unknown buyer. Common scams you should be aware of when selling your car include: Offers to buy sight-unseen. A buyer offering to buy your car without looking at it first should be considered a warning sign. Often, this is part of a larger scam. The buyer will.
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The virtual vehicle scam is one of the most popular type of used car scams, so called because the car you’re trying to buy doesn’t exist for sale and the ad has been cloned from elsewhere. The virtual vehicle scam usually involves placement of an online advertisement in one of the most popular trade sites and the sole purpose is to extract money fraudulently from an eager buyer.
On the whole, buying and selling a car online is an easy and safe process. But you should always beware of scammers who try to use the anonymous environment of the internet to rip people off. Buyers, sellers, and even leasers or renters have lost thousands of dollars to scammers on real estate, rental, fake banking. On the whole, buying and selling a car online is an easy and safe process.
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