Purchasing a car online has never been easier, with more and more people turning to the internet to purchase their newest vehicle. You are able to compare prices online and can arrange finance without having to see the vehicle beforehand. It is incredibly important to carry out some critical checks before buying a car, especially if you are not able to view it before the sale is completed.
The price of fraudulent vehicles are usually lower than other vehicles of the same model, year and mileage. The scammer may come up with excuses like they need a ‘quick sale’. They could also suggest that they are selling the car on behalf of someone else, and have priced it to have it taken off their hands. Although it is tempting to pursue the idea of buying a cheap car online, it may be too good to be true.
If you are purchasing a car from a genuine platform such as eBay or Auto Trader, the seller may insist that you begin speaking outside of the platform or to make payment separately from these sites. This is a common tactic used by the scammers and you should be very wary of doing this as you will lose protections offered through the site.
In some cases, the scammers will ask for a deposit to be paid before the purchase of the car. This could seemingly be to secure the vehicle as there is a lot of interest in it. If you are able to pay any deposits using a credit card, and the car turns out to be a scam, you will have the most protection available.
Sometimes you are able to view the car and even take it for a test drive. It may appear that the sale is genuine. It then could transpire that the car was stolen and it will unfortunately be seized by the police, once they locate it. Stolen cars can be difficult to spot as the sellers use sophisticated techniques to disguise the sale as genuine.
Another tactic used by fraudulent sellers is to offer a delivery service included, or for a minimal extra payment. Although this may seem convenient, it is unfortunately very commonly a sign it is a scam. You may even receive delivery information or a reference number from a company that may seem legitimate. This is not real and the car is never delivered.
So, how do you check if it is SAFE or a SCAM?
Here is a summary of the red flags to look out for if you are buying a car online:
🚩The price is too good to be true
🚩The seller wants a ‘quick sale’, often accompanied with a story of financial hardship, divorce, overseas deployment, etc.
🚩You have not seen or test driven the car
🚩 The seller suggests you cannot view the car as they are abroad or the other side of the country
🚩The seller has offered delivery of the vehicle in place of you collecting it
🚩You are being put under pressure to purchase the car or a time limit is placed on the offer
🚩Paperwork is incomplete or mismatched
🚩Lack of vehicle history or service records
🚩The use of a “Third Party” escrow service to hold the payment whilst the car is delivered
🚩Request of payment through unconventional means such as cryptocurrency, bank transfers to multiple accounts, international transfers, etc.
🚩Moving communication off genuine site
