Stolen Cars: How to Spot the Scams and Prevent Becoming a Victim

Did you know that nearly half a million vehicles were stolen in the first half of 2022? If you are in the market for a used car, it is important to learn what the red flags are when it comes to buying a stolen car.

Once you fall in love with the car of your dreams, it is easy to become distracted. You may even overlook small inconsistencies in a car’s history due to how much you want to buy it.

Check out this guide on stolen cars and all the scams that may come with it to prevent becoming a victim. Read on for key things to look for.

Hesitant to Allow a Test-Drive

If you are looking at a car and the seller is hesitant to allow a test drive, that is a major red flag. This could be a warning sign of a scam. If a seller is reputable and confident in their car and its condition, they should have no problem allowing you to do a test drive.

Always research the seller and their reviews to make sure they are not involved in any written or verbal complaints. Do some research and look up the vehicle’s Vehicle Identification Number to double-check the history of the vehicle.

If suspicious, consult a lemon law attorney. they will be able to help you understand the legal aspects of purchasing a vehicle. They can also verify if a vehicle has had any previous issues.

If you think you have been sold a fraudulent vehicle, hire a lemon law attorney. They can help you protect your rights and represent you in a case if you need additional legal counsel.

Unreasonably Low Prices

Often, buyers are eager to jump on an amazing deal without researching why the vehicle is so cheaply priced. If a price seems to be too low for the type, make, and model of the car, it is important for the buyer to investigate further. This means researching the current market value to compare it with the purchase price.

The buyer should request a third-party vehicle history report to research any potential problems with the car. Make sure you can verify any statements that the seller makes about the car and double-check its accuracy and authenticity. With a bit of research, you can avoid vehicle scams and get the best deal available.

Insisting on Payment Upfront

One sign is if the buyer is trying to rush through the process and insists that the buyer pay now. Buyers should be wary of any requests for payment before taking a test drive, inspecting the car, and doing a background check. If a buyer is hesitant about any of the steps, they should not proceed with the purchase.

Be wary if the seller tells you that you must pay through an online payment processor, prepaid debit card, or wire transfer. These forms of payments can often be difficult to trace or reverse, making it easier to be scammed. If you are ever uncertain, make sure to go through a professional third party, such as a bank or loan officer.

Evading Stolen Cars

Car scams are an unfortunate reality for unsuspecting victims. As a precautionary measure, always take the time to research a car’s history and seek help from professionals before signing a deal.

Be sure to never make any commitments until you feel 100% safe and confident in the transaction. Don’t be a victim of stolen cars – educate yourself on the warning signs of car scams.

You might also be interested in reading about other scams on this site.