5 important things to know about car scams

As if buying a car isn't complicated enough, there are plenty of scams you need to be aware of. From cowardly dealers to notorious thieves, here are five important things to know about car scams...

As if buying a car isn't complicated enough, there are plenty of scams that you need to be aware of. From cowardly dealers to notorious thieves, here are five important things to know about car scams.

Seller exploitation

Car dealers are notorious for their dishonesty, but be aware that they may take and use the information you provide. For example, the amount you want to pay for your item is often added to the price of a new car, they will use their desired monthly payment amount to sell a more expensive car with a much longer lead time, or they may even tell you the car you want. available not only to sell you a more expensive one. If you feel that the seller is exploiting you, just leave - you can find another place to make a purchase.

Escrow accounts

This car scam usually involves a car that is grossly underpriced as well as some kind of teary story. The seller then wants you to send money via MoneyGram or Western Union, claiming that it will go to an escrow company. You will lose the money sent and never see the car.

Curbstone

Curbstones are dealers who sell cars through classifieds or Craigslist, posing as real owners. These vehicles have often been wrecked, flooded, or otherwise damaged to the point where most dealers are unable or unwilling to sell them in a parking lot. Always get the history of the car and ask to see the seller's name and license to protect yourself when buying this way.

Non-compliance with auctions

This car scam involves dealers listing cars without providing a reserve amount. As soon as you win the car, the dealer will refuse to sell - usually because he or she did not receive the desired amount. In some extreme cases, this scam goes even further and the dealer accepts your payment without offering a vehicle. Always carefully check sellers before agreeing to a purchase. You are sure to find other bad deals with a little research.

Forced add-ons for qualification

Dealers may say that you need to purchase additional services, such as an extended warranty or some kind of coverage, to secure credit. This is usually because you have a bad credit history. Just be aware that lenders never require additional purchases to qualify you.

There are many car scams, but these are some of the most common. Be sure to contact AvtoTachki for a pre-purchase vehicle inspection to protect yourself and your investment.