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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 ...
Doing your research will go a long way in avoiding these scams. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
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 ...
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 occurs when the seller of a vehicle falsely represents the actual mileage of a vehicle to the buyer. [ 1 ] According to the Office of Odometer Fraud Investigation at the US Department of Transportation , [ 2 ] odometer fraud is a serious crime and important consumer fraud issue.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
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...
Watch out for this wild Southland car scam: Suspects rent vehicles, sell, steal back, return to rental agency. Grace Toohey. February 27, 2024 at 7:56 PM.
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