Fraud and Scam News

The constant development in the internet technology field and the recent times of recession are probably the best breeding grounds for any and every type of scam as well as fraud.
Online car scams, though have been around for quite some time now, have again started to accelerate. The scam even though a simple process, one would be amazed at the amount of people who actually lose money in such type of scams.
The “process” involves an internet advertisement for used cars at ‘never-before’ prices. After a few exchanging of emails, the phoney deal (not yet realized by the buyer) is processed. The vehicle in question is always either in another town or is at a authorized garage for minor service.
Once the deal is through and the money wired, the buyer is left waiting for the car, which of course will never arrive.
Scammers have also started to assist this illegal activity by associating it with an emotional element. In such cases the seller is most probably a soldier who will be deployed in Iraq or Afghanistan for an indefinite period and that is the reason why he/she needs to sell off their vehicle. The further course of action is known to us all..
So how does one guarantee a safe buy if he/she wants to buy a vehicle online? Some guidelines mentioned below will definitely be of help:
1.Do your paperwork and checks: Many dealerships provide free help in checking out the vehicle’s VIN. Also try as far as possible to have a photo-copy of the vehicle’s title and registration papers.
2.Ebay caution tip: While trying to buy a vehicle through an auction on Ebay Motors, make a note of the winning bid.
3.Emails with poor language are a clear indication that they are most probably from a fraudulent source.
4.Try and find vehicles that are owned by locals or a local dealership is offering their sale. This will help in checking out the authenticity of the vehicle as well as help in the paperwork.

Related posts:

1. Spot-Deliver Scams-Prevention Tips!
2. FTC issues Defensive Tactics to Avoid Check Overpayment Scam
3. Fake Online Auction Sites-Guidelines to stay safe
4. A Craigslist Scam ,You can Spot and Avoid
5. Fake checks crop up in Craven County

April 23rd, 2009 | Tags: Car scams, Email Scams, fraud, Fraud Events, online car scam saving tips, online car scammers, online car scams, scammers, tips to save from online car scams, vehicle scams | Category: Action Against Fraud, Email Scams, Fraud Events, Online Classified Scams, Online Scams, Online selling fraud, Online theft, Prevent Scams | Subscribe to comments | Leave a comment | Trackback URL