Searching for and purchasing a used car should be an exciting process, but scammers can easily lure drivers into an expensive mistake. Since scams in the used car market are common, experts from carVertical, a vehicle data processing company, have shared tips for recognizing common scams and how to protect yourself from losing money.
Advance Payment
Sellers with bad intentions advertise cars that seem like a good deal. They then convince the potential buyer that the car is located at a distant location and ask for the money to be transferred in advance. They often pretend that there are other interested buyers to create a sense of urgency. After the money is transferred, they withdraw it and delete the ad, disappearing completely.
Fake Car Seller Websites
Scammers create fake car seller websites that showcase very attractive offers. These websites often closely resemble well-known car dealership chains or brands, using almost identical links. Once customers find these offers and contact the alleged seller, they are often asked to pay in advance – and lose their money. Customers should always be cautious about any website where they are sending money, and if an offer seems too good to be true, it probably is.
Concealing the Fact that the Car is Imported
Sometimes sellers avoid mentioning the car’s history in foreign countries. Even if the car was imported five or eight years ago, this is still important information that can be crucial in making a decision. Importing a car is relatively simple and cheap, which is why many cars bought in one country end up in another. However, during cross-border transactions, mileage can be manipulated, and some damages can be concealed.
Facebook Marketplace Ads
Fake ads for selling car parts are very popular on Facebook Marketplace, often advertising a set of wheels or a rare body for a popular car to create the illusion of a good price. They will ask the buyer to transfer money and then disappear. Unfortunately, Facebook Marketplace has very poor quality control and nonexistent customer support, so buyers should be very cautious and only send money after personally inspecting the product.
Odometer Fraud
Odometer rollback is practiced by scammers who want to artificially increase the value of the car for sale. On older cars, the mileage can be rolled back mechanically, while on newer vehicles, it can be done using diagnostic devices. Due to odometer fraud, it appears that the car has traveled fewer miles than it actually has, putting the buyer at risk of purchasing a car with mechanical problems and whose value is much lower than the price paid for it.
