Aug 192014
 
online car purchase

scam

People go online for everything what they want to buy. The ease of accessibility on getting the things done just on a single click had made the large community fall under the influence of internet. This had created an ample space for illegal intruders to earn money by tricking the innocent consumers. In the recent report, scams on online car purchase hits the top in total scam reports where the average amount lost on these scams is nearly $4,000, says the report of Better Business Bureau. It has also been reported by the internet crime center that auto fraud accounts 12 percent on online scams summing overall to $60 million dollars in losses to consumers.

scam1

The main cause for the scam generally occurs when consumers intent to buy on online by transferring their money to some unknown person who is actually the fake owner. The BBB offers some valuable tips to consumers to make a wise deal on online purchases. 

Let’s have a look.

scam3

  • Before purchasing any car, check the vehicle’s price. It is always recommended to know the fair market value of the car before being purchased. Once the rate is quoted very low than the original price then probably it’s a scam.
  • Try to have a direct conversation with the seller. If the seller does not show any interest in meeting you directly for the deal, then that is a bad sign. Make sure you inspect the vehicle before making payment.

 

  • Be very cautious in making your payment. The seller may claim to disburse dollars via wire payment systems and ask to collect the vehicle in some other locations. Please never ever accept for this kind of deal.

  • If the seller says that the car will be shipped only after the payment, pay only one-third of the total amount convincing him to pay the rest, immediate after the beginning of shipping process.
  • Check whether the vehicle’s identification number matches with the paperwork which includes insurance card, insurance policy, vehicle title and registration.
 Posted by at 5:20 am

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