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

Car Replica Builders

Replica Cars For Sale Fraud: How It Works (with video below) You’ve always wanted a high-end car model car, […]
August 12, 2020

Car Title Delay

Car Title Delay Scam: How It Works This scam occurs when the dealer delays paying off your car because […]
August 12, 2020

Car Shipping Company Scam

Car Transport Companies Scam: How It Works Imagine this scenario: You consider buying a car – or a motorcycle […]
August 12, 2020

Dealership Add-ons

Car Dealership Add-ons Scam: How It Works Many car dealerships use deceptive practices to pull in clients and rip them […]
August 12, 2020

Dealership Good News

How the scam works: (with video below) While you are showing off your new car to your friends, the dealer […]
August 12, 2020

Dealership Preparation Fee

Dealership Preparation Fee Scam: How It Works (with video below) Let’s say you just bought a vehicle. At the dealership, the agent […]
August 12, 2020

Do You Have This Model?

How the scam works: (with video below) Never call a dealership asking if they have a certain car, model, color, […]
August 12, 2020

Factory Holdback

Factory Holdback Scam: How It Works (with videos below) “Holdback” is a bonus of 2-3% of the MSRP (Manufacturer Suggested […]
August 12, 2020

Fake Local Sellers

How the scam works: Crooks know that when it comes to cars, buyers look for deals locally first as the […]
August 12, 2020

Financing Credit Score Scam

Credit Score At Dealership Scam: How It Works (with video below) Are you considering purchasing a new car? When you […]
August 12, 2020

Yo-Yo Scam

Yo-Yo Scam: How It Works Your car loan interest rate is the subject of the latest scheme at many car […]
August 12, 2020

Forced Credit Application Scam

How The Scam Works: (with video below) Buying a vehicle is the second most expensive purchase that one makes in […]
August 12, 2020

Forced Warranty

Forced Warranty Scam: How It Works (with video below) You find yourself at a car dealership. Your future car is […]
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