BBB warns of scams for those buying vehicles online

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BBB News

Money,Consumer,Automotive

While legitimate sellers use modern technologies to simplify the car-buying process, fraudsters use similar technology to carry out elaborate impostor scams.

Several witnesses appear in court for Trump’s hush money trial as he gets $9K fine for violating gag orderThe Better Business Bureau says online vehicle buyers have lots of reasons to be wary.

This fraud took off across North America during the pandemic, when limited in-person contact was encouraged. One study using FTC data determined that onlyof victims of mass market fraud ever report to BBB or a government entity, meaning the number of cases reported is likely an undercount.A relatively recent trend has emerged, as buyers have become well acquainted with different tools to research products -- including cars, trucks and recreational vehicles.

BBB Scam Tracker reports from across North America included a similar type of vehicle fraud. Buyers interested in classic cars found what they thought was a well-reviewed dealer selling vintage vehicles, but what they had stumbled upon was a scammer impersonating a classic car dealer.issued a warning to the public about a similar scam in their region, where scammers posed as a shuttered vintage car seller in the area.

Fake vehicle report websites began popping up as early as 2018, but many people are unaware of them. BBB Scam Tracker data, reports to BBBs and news stories throughout the United States and Canada show fake “VIN search” websites rose in 2023.

 

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