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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 ...
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 ...
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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]
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 ...
First-time car buyers are often easy prey for unscrupulous sellers who use scams and other techniques to make as much money from a deal as possible. In some cases, sales reps can immediately spot a...
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