Online shopping for vehicles can be an excellent thing and a great way to score a good deal. However, one needs to be careful, as there are a lot of used car frauds going on.
More people trying to scam with vehicles
No matter what commodity could be involved, the presence of money means that a number of criminals will show up, attempting to swindle whoever falls for their scam. Crooks are typically a minority, except for Wall Street and Washington, D.C., where crooks are the rule, instead of the exception.
One common scam is used car scams, according to USA Today, especially online car frauds. The internet is the most common place where these swindles are turning up, as a prodigious number of Craigslist car cons and eBay car frauds have been reported. The Internet Crime Complaint Center, part of the Department of Justice, reported 4,066 instances of a used car scam on the web in 2011, and victims lost an estimated $8.3 million. There were 14,000 comparable complaints to the ICCC between 2008 and 2010, according to the Chicago Tribune.
This year, the ICCC registered 1,685 complaints of used car scams by the end of July, costing victims an estimated $4.9 million.
Internet makes it easier
Online car scams are very different from in person. In percent, car dealers in Everett, WA and all the way to Florida are fairly honest, though you will occasionally find ones that make an effort to sell you a wrecked car or use the "the auto approval fell through" scam.
It is much easier to scam online. The shady person puts a vehicle up for sale, asks for the money to be sent upfront, and then the car never shows up.
Not all great
A common gadget in used car frauds is that "sellers" post some terrible story about why they're selling the car. Divorces, according to USA Today, are often used. Military deployments are too, according to Daily Finance, and other sob-stories. The idea is to emotionally manipulate the buyer. Any person attempting to rush that large of a transaction, such as dealerships, is intending to pull a fast one.
Bankrate.com states to look at for costs that are too good to be true, but be careful, as, according to USA Today, scam artists will quote prices that are very low, but not outlandishly so. Late-model luxury car models are commonly used in cons, according to Daily Finance.
In case you are not able to get a test drive or meet the buyer, it is a scam. Avoid emails saying you won a vehicle for free. It is never good when someone asks you wire the cash to them or to put it on a prepaid debit card.
More people trying to scam with vehicles
No matter what commodity could be involved, the presence of money means that a number of criminals will show up, attempting to swindle whoever falls for their scam. Crooks are typically a minority, except for Wall Street and Washington, D.C., where crooks are the rule, instead of the exception.
One common scam is used car scams, according to USA Today, especially online car frauds. The internet is the most common place where these swindles are turning up, as a prodigious number of Craigslist car cons and eBay car frauds have been reported. The Internet Crime Complaint Center, part of the Department of Justice, reported 4,066 instances of a used car scam on the web in 2011, and victims lost an estimated $8.3 million. There were 14,000 comparable complaints to the ICCC between 2008 and 2010, according to the Chicago Tribune.
This year, the ICCC registered 1,685 complaints of used car scams by the end of July, costing victims an estimated $4.9 million.
Internet makes it easier
Online car scams are very different from in person. In percent, car dealers in Everett, WA and all the way to Florida are fairly honest, though you will occasionally find ones that make an effort to sell you a wrecked car or use the "the auto approval fell through" scam.
It is much easier to scam online. The shady person puts a vehicle up for sale, asks for the money to be sent upfront, and then the car never shows up.
Not all great
A common gadget in used car frauds is that "sellers" post some terrible story about why they're selling the car. Divorces, according to USA Today, are often used. Military deployments are too, according to Daily Finance, and other sob-stories. The idea is to emotionally manipulate the buyer. Any person attempting to rush that large of a transaction, such as dealerships, is intending to pull a fast one.
Bankrate.com states to look at for costs that are too good to be true, but be careful, as, according to USA Today, scam artists will quote prices that are very low, but not outlandishly so. Late-model luxury car models are commonly used in cons, according to Daily Finance.
In case you are not able to get a test drive or meet the buyer, it is a scam. Avoid emails saying you won a vehicle for free. It is never good when someone asks you wire the cash to them or to put it on a prepaid debit card.
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At Miller Dodge Chrysler Jeep Springfield you'll get the most beneficial auto purchasing experience achievable. Therefore check out Miller Dodge Chrysler Jeep!
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