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3. Gift Card Scam. Another hallmark of many scams targeting used car buyers is a request for gift cards as payment. When the buyer calls the fake toll-free number, they’re told to purchase gift ...
1. Phishing Scams. This is a common scam, but if you're trying to snap up a rare buy, you might not be paying attention to the warning signs.First, a spoofed account that looks like it’s coming ...
In the United Kingdom, vehicle matching scams are listed by the AA as one of the most common used car buying scams. [1] According to Peter Stratton of the Trading Standards Institute, high pressure selling alongside cold calling made this a very successful scam that often leaves consumers with little chance of obtaining redress. [2]
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The miracle cars scam was an advance-fee scam run from 1997 to 2002 by Californians James R. Nichols and Robert Gomez. In its run of just over four years, over 4,000 people bought 7,000 cars that did not exist, netting over US$ 21 million from the victims.
Odometer fraud was depicted in the opening scene of the 1980 film Used Cars and by Danny DeVito's character. In Ferris Bueller's Day Off , after valet attendants Sam and Victor take Cameron's father's Ferrari for a joyride, Ferris runs the wheels backwards in a futile attempt to reduce the mileage; running the vehicle in reverse did not move ...
Purchasing a new car is a pretty straightforward affair. Buying used, however, requires you to do much more legwork to make sure you're getting a good car and a good deal — and that you're not...
BBB just released an update to a 2020 study about online car buying scams. Starting in 2020, consumers reported that scammers were taking advantage of the COVID-19 pandemic to list fake vehicles ...