Motor trade warned over online scam

Posted on July 3rd, 2008 by MTI in Consumer, News

Car buyers have been warned of an online scam in the retail motor industry, which has already seen three people lose money.

Buyers of ‘sight unseen’ vehicles are at risk of putting down deposits on cars that do not exist.

The scammers copy information from online classified car adverts and post the details on other sites at a reduced price.

Buyers looking for a bargain jump at the chance and some have set down deposits of £2,000 to £3,000 that they have never seen again.

Irish vehicle history report provider Motorcheck.ie has strongly advised buyers to see a vehicle and verify its documentation before making a purchase.

If customers are risking the purchase of a vehicle sight unseen, the website recommended they ask sellers for the chassis and registration numbers.

MotorTrader

Bookmark and Share

The Motor Trade Insider Guide To Buying New Cars

Search terms for the article:

  • The Facebook generation are more likely to buy their cars online
    Shrewd dealers are gearing up for the future of car sales by becoming much more proactive with their internet marketing. [...]...
  • More people buying cars online
    According to research carried out by Which? Car, shopping for cars online is becoming more popular and this means you’re [...]...
  • Criminal gangs target car buyers in “virtual vehicle” scam
    BBC News reports that Criminal gangs are duping car buyers out of millions of pounds each year by using adverts [...]...
  • Vehicle scam costs £3m a year
    Following on from our article last year on car “matchmaking” scams (Car “matchmakers” are on the prowl, beware!) BBC Business [...]...
  • Used cars online – finding or buying?
    It really is all about the imagery these days if you want to sell your used car online and sales [...]...
  • Car dealers warned over part-exchange pitfalls
    Car dealers have been warned to pay closer attention when appraising part-exchange vehicles in order to maximise profits during this [...]...
  • Comments are closed.

    Automotive Industry News

    About MTI

    Motor Trade Insider
    Our aims:
    Build a bridge between consumers and the trade.

    Create Interesting and informative content.

    Break down barriers and create better understanding.

    Expose bad practices and rip-offs.

    Promote outstanding products and services.

    Motor Trade Insider is written by people working actively in the motor trade for people on the inside and people on the outside.

    Motor Trade Insider New Car Buying, Used Car Buying, Used Car Prices, Used Car Values UK. Car buying guide. Whether you’re buying a new car or interested in used cars or car valuation or just general information and advice on the motor trade and UK Automotive Industry.

    Valid CSS!

    Valid XHTML 1.0 Transitional

    [Valid RSS]

    Bargain of the Week

    Bargain of the Week – Land Rover Discovery

    Bargain of the Week – Land Rover Discovery

    With all the boxes ticked it does make you wonder how the British government think they can keep raising the cost of car ownership to ...

    Bargain of the Week – Ferrari 355

    Its V8 engine became the first road-going Ferrari to have bypass valves built into the exhaust system letting pretty much all of its thunder explode ...

    Bargain of the Week – 2003 Range Rover 3.0 Td6 HSE

    With the recent facelifted Range Rover and Sport doing wonders for sales, forking out for a 10-plate can set you back over 50 big ones ...

    Scrappage

    The scrappage scheme has ended, get over it

    The scrappage scheme has ended, get over it

    The continuous changes which the car trade is undergoing means that until staff get the message that customers demand (and deserve) great service and will ...

    What a difference a year makes

    Car buyers have therefore either gone elsewhere or decided on a demo model or nearly new example instead, thus leaving a vacuum in new car ...

    VAT’ll do nicely!

    We found that when embracing the scrappage scheme, for example, dealers made the absolute most out of it. Short term, after it ended, it did ...