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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 ...
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 ...
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...
Tools and reports the NICB provides to combat car theft include VINCheck, "a free lookup service provided to the public to assist in determining if a vehicle may have a record of an insurance theft claim", [3] a Report Fraud hotline, [4] and two reports: Hot Wheels, which lists the most commonly stolen vehicles; [5] and Hot Spots, the locations ...
A vehicle matching scam works by people approaching owners who have put their cars up for sale in car sales publications and promising falsely to match the sellers with buyers in return for a one-off fee. [1] On most occasions however, no buyers are found and the agent takes the fee.
The National Motor Vehicle Title Information System (NMVTIS) is an electronic system that gives valuable information about a vehicle's condition and history. NMVTIS allows consumers to find vehicle information such as title data, most recent odometer reading, history of make and model, and theft records, [1] but not maintenance or repair history or information about manufacturer recalls. [2]
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