Thursday, January 29, 2009

Tips for Avoiding Fraud when Purchasing on Classic Car Online

It is unfortunate that there are people out there who want to take advantage of the honest hard working folks. There are many online classic car ads for sale that scammers post in an attempt to steal a deposit from and innocent buyer. If you are in the market for a classic car and are wishing to purchase a vehicle online, here are some pointers on what to watch out for.

The too good to be true deal – If a seller is selling a vehicle for a very low price, like say a 1967 Shelby Mustang GT350 in Mint Condition for $5000.00 it is most likely a scam and the seller is trying to swindle your money from you in exchange of no vehicle.

No contact information
– Mostly all scammers prefer to communicate with buyers through email only and will often provide little to no contact information. Make sure that you are able to speak with the seller over the phone or in person. Be cautious of ads with the wrong phone number or no phone number at all. If the seller won’t talk to you over the phone than you should not progress any further with a transaction.

The seller suddenly moved out of the country
– Some scammers will often use the excuse that they are moving overseas and need to sell their vehicle because they cannot take it with them…that is why they are selling it so cheap.

Use of a phony escrow or eBay escrow company – Scammers can easily create websites that look legitimate but are really just a front to try and receive a deposit from you. Only use an escrow company that you know and trust. eBay does not have any type of escrow company nor do they handle any sort of payments. This is a sure sign that this person is a scammer.

Whenever you engage in any transaction, make sure that you use a payment method that can be easily traced and will be able to be refunded if you never receive the item. Be safe and cautious and happy shopping.



Reblog this post [with Zemanta]

No comments:

Post a Comment