Fake Car Auction Buyer Scam

In recent years, it isn’t uncommon to hear about people getting swindled when trying to sell their car via online auction through websites like eBay. In fact, according to the FTC, the most frequently reported type of internet fraud occurs on auction sites. It is imperative to remember that if you are selling or plan to sell your car that you make sure to carefully research the buyer and his buying history beforehand. Never ship or hand over your vehicle until payment has been received. Even if you’re waiting for an online payment to clear, for example, make sure it does before transferring ownership. Also, be sure to never take personal checks or allow buyers to pay the car off over time. Chances are the check will bounce or the buyer will never end up paying you. If you follow these simple instructions, your car-selling experience should go smoothly and you won’t get swindled.

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