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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 ...
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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 ...
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]
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 ...
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...
The so-called yo-yo scam, on the other hand, is illegal and is only used by the most unscrupulous of dealers. According to the Federal Trade Commission (FTC), this scam targets buyers who finance ...
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.