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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 ...
A ruling from the 5th Circuit Court of Appeals on Monday has struck down Biden-era consumer protections related to car buying, after a brief legal challenge to the rules from the National ...
The National Auto Dealers Association is crying foul over the new rules, claiming the FTC overstepped. ... 4 Sneaky Car Dealership Scams That Might Be Illegal in 2025. Show comments. Advertisement ...
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.
Losses in online car buying scams can be enormous, especially when fraudsters target customers looking for rare classic cars. Between 2021-2023, consumers reported a $12,600 median loss in ...
• Don't use internet search engines to find AOL contact info, as they may lead you to malicious websites and support scams. Always go directly to AOL Help Central for legitimate AOL customer support. • Never click suspicious-looking links. Hover over hyperlinks with your cursor to preview the destination URL.
In the National Highway Traffic Safety Administration's (NHTSA) 2002 odometer fraud study, the NHTSA determined that 450,000 vehicles were sold each year with false odometer readings, resulting in a cost of over $1 billion annually to car buyers in the US. [3] In the UK, the Office of Fair Trading estimates the annual cost at £500m. [4]
VIN cloning or car cloning is a practice of using a vehicle identification number (VIN) from a legally registered car to hide the identity of a stolen or salvaged vehicle. [1] The procedure involves replacing the serial plate of a stolen or salvage repaired vehicle with a plate containing the number of a validly registered vehicle of similar ...