Buying or selling your vehicle?
Whether the vehicle you're buying is your pride and joy, or just a way to get from A to B, it normally represents a large sum of money. The vast majority of people are honest and just want a good deal but, every year, thousands of buyers and sellers in the UK become victims of auto fraud.
Posted on 1 June 2018
Unfortunate buyers get tricked into paying deposits or transportation fees for vehicles that simply don’t exist or buy a vehicle without checking its history and then discover that it has been written off by a previous owner. Some sellers hand their keys and documents over to a fraudulent buyer before they receive cleared funds in their account. These are just some of the examples of situations you need to be wary of.
We’ve teamed up with Get Safe Online to bring you some expert tips to help you protect yourself, whether you are buying or selling:-
- Never pay large deposits or up-front fees, such as transportation costs, for a vehicle you haven’t seen and checked.
- Research the seller as well as their vehicle.
- If the price of a vehicle you see online seems too good to be true, it probably is.
- Thoroughly inspect any vehicle you are looking to purchase, and take it for a test drive. Consider an AA, RAC, or similar, inspection.
- Never allow prospective buyers to test drive your vehicle alone and make sure they have the appropriate insurance to drive it.
- When selling a vehicle, never release it until you have confirmation that the payment to you is cleared funds.
If you become a victim of auto fraud, report it straight away to Action Fraud.
For everything you need to know about protecting yourself from auto fraud, visit www.getsafeonline.org/vehicles