How to Avoid Scams When Selling Your Used Vehicle Online

When selling a used car online, there are a few things to keep in mind in order to avoid scams. The first is to be aware of what potential buyers might be trying to do. There are different ways the scammers might use to trick you into giving them your money. Here are some common ways used by the scammers that you must be aware of.

Offering to Buy Your Vehicle Even Before Seeing It

Once you list the vehicle, you will instantly get an offer from a buyer. This buyer would be willing to buy the vehicle without seeing it in person. They will say that they have to buy it for someone else or they are currently offshore. This might seem to be an easy deal, but it can be a potential scam. They will offer you a bad check or a wire transaction and have someone pick the vehicle up from you.

Pay You More Than the Agreed Upon Amount

The buyer can also send you an amount more than the amount that you initially agreed upon. They will say that the additional amount is for shipping or they have sent you additional money by mistake. However, the amount sent to you aur the check given to you is not legitimate. In this way they will ask you to return the additional amount as they have sent it by mistake.

Offers To Pay You Via Money Orders or Checks

This is one of the most common ways of scamming you. The people who offer these are very good at making a fake copy of check or money orders. These are very well made and you won’t be able to catch them.

Ask For Your Personal Information

If the buyer is more interested in your personal details (bank account number, social security number, PayPal information, passwords, credit card information or any kind of personal data that you do not feel comfortable to share) than your vehicle’s VIN number, it may be an attempt to steal your identity.

Precautions You Must Take

The common ways to avoid being the victim of such scams are as following:

  1. You must get in contact with the actual buyer face-to-face.
  2. Demandto receive the payment in cash.
  3. Whenever you are meeting the person, meet at a safe place.
  4. If someone asks for your personal or financial details, don’t reveal it.

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