1 / 2 of us use the Internet to help invest in a car. The explanations are obvious — we can research and compare inventory and pricing all from the comfort of our homes. Sound good? Since the market has expanded beyond our neighborhoods, we may become more susceptible to potential fraud, although it could be based on a recent study.
To protect your purchases and hard-earned money, you should consider the same common sense approach just like classified ads.
Here are seven ways to finding a quality used vehicle and avoiding fraud online:
See what others need to say. Find out if the Website listing offers seller feedback. Read over information regarding previous transactions and look for any comments which may alert you. Ask the seller for references when the site will not offer feedback. You want to ensure that the seller is honest and may provide a safe, reliable transaction.
Contact the owner. Find out just as much as you can about both the seller and the car you are interested in. If it has ever been in an accident, ask why they can be selling the vehicle, how many miles and owners it has and. If all of the service records have been kept, enquire about the condition of the vehicle and.
Get yourself a vehicle history report. Get a detailed vehicle history report from Carfax. The report will give you valuable information such as the number of owners, mileage readings, whether the car has been salvaged, declared a lemon and much more. Compare the information given to you with the seller for the Carfax Report. Many of the cars listed at sites like AutoMart.com have free Carfax Reports.
Know the car’s market value. Get online pricing information from Edmunds or Kelley Blue Book. In case the price is significantly lower, take extra precautions. Remember, if the deal seems too good to be real, it probably is.
Obtain a second opinion. It may cost around $75 bucks, yet it is well worth it to have a certified mechanic thoroughly inspect the car you happen to be serious about (and paying a lot of money for). Contact a mechanic in the community to arrange an inspection if the car is in another state.
Proceed with caution. Review the payment, shipping and description details. Make sure you understand everything you are signing. If a problem get and occurs all promises in writing, learn what actions the vendor will take. Never disclose private information such as your social security number, checking account number or date of birth.
Know your rights. Contact your state’s attorney general’s office to find out what protections you have just in case a deal goes bad.