Oops! You may be added likely to be cheated by seller figure two. That’s the adventure of Jennifer Warwa, who bought a minivan and had her mechanic examine it. The mechanic subsequent said how shocked he was that Jennifer had been scammed:
“As I met the gentleman who was selling the vehicle. Actual clean cut. In his fifties. Actual soft spoken…. And he went with her to amuse it inspected. There was aloof no sign that was the affectionate of person he was” the mechanic told CBC’s Marketplace.
A few months subsequent, Jennifer got a phone call from the police. They said she had purchased a stolen minivan, and they were coming to seize it. She was so agitated, she tried to adumbrate the van from the police. Eventually they caught up with her and she ended up paying for a year and a half for a $5,000 bank loan on a van she could not drive. Ouch!
Jennifer was aloof one basket position in the chain that included the aboriginal owner, the insurance company, other consumers whose insurance rates accumulate rising, and the police, who spend thousands of hours tracking thefts. According to the FBI, a vehicle is stolen about every 25 seconds in the USA, amounting to an $8 billion yearly botheration.
Here’s how these scams generally assignment. Thieves target particular cars: for their amount, their ease of resale as a entire or in parts, or as they are easier to steal. Age ago, most cars were stripped for parts, including abnormal parts such as airbags. But today some thieves are so brash they sell cars buttoned up newspapers.
This newer scam is called “VIN cloning”, as the Vehicle Identification Figure is stolen from another car. Criminals access VINs by copying them from the dash of cars in parking lots–even at dealerships. Some even physically remove the VIN plate from vehicles in auto rescue yards that acquiesce customers to “pick your own parts.” (They accomplish not beggarly that literally!) The figure is used to falsely access advanced ownership documents, or documents are forged. Either road, a cloned VIN allows them to transform stolen cars into pseudo- legal vehicles that can be officially titled and sold. Abounding thieves assignment across state lines: cars may be stolen in the East, registered in the Mid-West, then sold in California. Scary!
Here’s what you can accomplish to avoid buying a stolen car:
** Check the VIN on the dash against the VIN in the driver’s door doorjamb, under the hood, and on the paperwork
** Statement the VIN to amuse the car’s history at carfax.com for about $20
** Arrange title and registration documents match the agname and inscription of the seller
** Is the car from out of state?
** Be suspicious if you must accommodated a private seller in a parking lot. Bigger to beam that they alive at the inscription where the car is registered
** Has the vehicle recently been transferred?
** Does the seller statement a at ease or assignment phone figure, or aloof a cell?
** Is the selling price oddly low?
** Be warned that some used car dealers are getting scammed, too
** Pament by certified cheque or almighty dollar adjustment, not cash.
Accumulate in apperception that most private sellers are not thieves, but rather above board, regular folks according to you. And prices accomplish tend to be lower with private sales. So if you chase my advice, you can abundantly advance your chances of driving away with a “absolute” used car.
About the author:
Will YOU amuse scammed on your abutting car purchase? Michael Trusthold writes for http://www.UsedCars.bizand has bought and sold used cars for profit for abounding age. For added scam prevention TIPS and handy checklists for used car buying and selling, appointment UsedCars.biz.
Originall posted August 25, 2012