Scams: Understanding the Warning Signs

“Oh what fun it is to drive!”

Will not want to simply throw your old one away, though after years of driving your automobile, you have decided to get a new one. All vehicles have a salvage value following their life, whether it is well under a few hundred or up to a few thousand dollars.

For this reason, a lot of people choose to call a salvage or junk car removal company not only to remove their car, but to receive cash for it as well. In order to avoid falling victim to shady companies, there are many junk car scams that transpire that you ought to know of, however.

Bait and Switch

One of the more common scams that occur with selling junk cars is the infamous switch and bait. You may call a removal company who will give you an estimate in line with the information you provide concerning the junk car’s condition, typically.

This estimate ought to be firm, which means when they come to pick up the vehicle, you receive the things you were quoted. It is a good idea to consider another company to avoid being scammed if a junk car removal company decides to offer you under your original quoted amount. Do not let anyone pressure you into turning your automobile over cheaper.

Registration and Title Issues

Make sure that once you transfer the ownership in the vehicle that it must be done properly. In the event the title or registration is just not transferred properly, it can result in several offenses such as parking violations being charged to you personally, even if the car is no longer within your possession. Selecting a reputable car buying clients are the best way to avoid this pitfall.

When you are buying a junk car as an alternative to selling one, you should never purchase a car without a title, even if the seller offers you a form of written authorization that lets you sign up for the title in your name, additionally. The claim of the lost title is a popular scam run by some unscrupulous sellers who want to make a quick buck from undisclosed salvage vehicles.

Paying by Certified Check

While check writing is now obsolete in today’s society, a more popular version of any buying junk car scam is when the consumer offers to pay by check. While this by itself isn’t suspicious, if they ask to write the check for more and have you refund the main difference this should set off red warning and flags bells.

These checks hardly ever clear your bank and you end up being forced to pay the funds to cover the price of the check and any fees associated with the check bouncing. Even though the check is fraudulent, you will still be held responsible through your banking institution.

There are numerous scams which are being perpetuated on unsuspecting victims on a daily basis in the used car industry. Understanding the warning signs of such scams can assist you avoid falling victim and losing money.

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