It is not necessary that scams are just for buyers! Many times, the sellers can be the targets as well. So, how to make sure that your transaction online goes painless and safe as possible? Well, the following guide will help you to make aware of some common scams and even make you learn to avoid them.
Some of the most common vehicle sales Scams
It should be noted well that not every transaction is a scam, but you will need to take proper cautions while dealing with any unknown buyers. Do you have the question “How can I sell my car in the safest way possible online”? Well, just make sure to read the following pointers to get the answer.
The following are some of the common scams that the sellers having the question “What are the precautionary measures should I take to sell my car quickly and without any issues online?” be aware of. Take a look!
- Payment with money orders or checks
While it might not be always the case of some scam, but sometimes the scam is paying seller with a fake money order or check. Don’t be tempted to sign the titles before the money clears otherwise you may be left having your car sold for free!
- Payment plans
You are not any finance company and have no proper way to collect the money if the buyers stops or misses any payments. So, it is not a good idea to agree for the monthly payments.
- Enquiring about your personal information
Some buyers may even promise to wire the money to get your personal information including bank account information, social security numbers, credit card numbers, etc. This can be an attempt for identify theft.
Some simple and safe tips for the car sellers
To ensure a safe transaction, it is always recommended to verify the checks with issuing bank rather than just waiting for them to clear with your bank. Don’t ever ship your car overseas unless all the payments are clear.
With the proper knowledge of some possible scams, you can avoid them. So, make sure to take these measures to ensure a successful and safe transaction. All the best!