Car Buying Scams

When car buying started happening on any scale, car buying scams quickly emerged. Today, the modern motorist or aspiring motorist has to be diligent and cautious of the many scams endemic to trading in automobiles on the private and commercial level. 

Car buying scams take many, many forms. Some are committed by dealerships, as either yo-yo financing scams or bait-and-switch schemes where the car you want is no longer there, or covering cosmetic or mechanical damage.

 

Car Buying Scams: List Below

Private buying can be even more fraught with peril, with car buying scams ranging from fraudulent advertising to false car scams that lure people into a robbery. 

Watch this space to learn about car scams as they emerge in the news. See below:

August 12, 2020

Reselling Your Car Scam

How the scam works: (with explanatory video below) It is always cheaper to buy a car from an individual than […]
August 12, 2020

Car Title Mechanics Lien

Car Mechanic’s Lien Scam: How It Works (with video below) There are car title recovery companies out there that […]
August 12, 2020

Extended Warranty Letter

Extended Warranty Scam: How It Works Car drivers, be forewarned: a scam is making the rounds that is very professional […]
August 12, 2020

Car Loan Approval

Bad Credit Car Financing Scam: How It Works  Car loans for people with bad credit and fake lenders. Beware of […]
August 12, 2020

Curbstoners Scam

How the scam works: (with video below) Buying a used car can be stressful; there are just too many places […]
August 12, 2020

Bank Draft Payment

Bank Draft Payment Trick: How It Works (with video below) Imagine this scenario: you are about to sell your car […]
August 12, 2020

Sell Your Car Here!

How the scam works: You want to sell your car and post an ad online. Soon afterwards, a representative from […]
August 12, 2020

Trade-in Evaluation Ride

Evaluation Ride Trick: How It Works You decide to trade-in your old car and go to the dealership. Somebody will […]
August 12, 2020

Trade-in Foursquare

How the scam works: You decide to trade-in your car and are negotiating the price of a new one. The […]
August 12, 2020

Trade-in Never Paid

How the scam works: You decide to buy a new car although you still have payments left on your old one. Normally, […]
August 12, 2020

Transfer to a New Website

How the scam works: The scammer lists a car that is not his on a well-known vehicle listings website. He […]
August 12, 2020

Used Car Purchase

How the scam works: This scam could take several forms. Without knowing, you might be buying a car that’s stolen, […]
August 12, 2020

Market Adjustment Fee

Market Adjustment Fee Scam: How It Works You are buying a new car and the dealer shows you an orange sticker […]
August 12, 2020

Price Match Guarantee

Price Match Scam: How It Works (with video below) You are hesitant about the price of a car you like in […]
August 12, 2020

Open Intercom

Open Intercom Scam: How It Works You are ready to buy a car and schedule a visit to the dealership. […]
August 12, 2020

Paid Upon Purchase

How the scam works: This is another common trick at the car dealership. The salesperson tells you he won’t get […]
August 12, 2020

Bounced Check

Bounced Check Scam: How To Avoid Let’s say you’re buying a car from a dealership. You have decided on the vehicle […]
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