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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 ...
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...
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.
Odometer fraud, also referred to as "busting miles" (United States) or "clocking" (UK, Ireland and Canada), is the illegal practice of rolling back odometers to make it appear that vehicles have lower mileage than they actually do. Odometer fraud occurs when the seller of a vehicle falsely represents the actual mileage of a vehicle to the buyer ...
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.
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 ...
The Evan Green article quoted New South Wales Transport Minister Milton Morris as saying that he was appalled at these cars - which he labelled "bullets on wheels" [1] - being sold to ordinary motorists and that "if manufacturers are making these supercars available to the general public because this is a condition of eligibility for the Bathurst 500, then I think it is imperative that race ...
Final Take To GO: The New Road Ahead The bottom line is that if CARS is enacted in 2025, the FTC estimates it would save car buyers over $3.4 billion and 72 million hours per year in headaches.