Avoid Common Dealer/Seller Scams When Buying A Motor Vehicle In The U.S.
This article written by Matthew de Paula of MSN Autos provides information on the following scams and give you tips on how to protect yourself:
1. Selling Cars Without Proper or Clear Titles;
2. Selling Wrecked or Salvaged Vehicles;
3. Bogus Warranties;
4. Financing Falls Through;
5. Credit/Identity Theft; and
6. Misleading Advertising.
For importers, note that in order complete your export out of the US, you must submit export documentation to the US Customs & Border Patrol office a minimum of 72 hours in advance. To complete this submission, you will have to provide copies of the front and back of the title certificate, as well as a copy of the bill of sale.
One statistic we have encountered suggests that up to 12% of online advertising is misleading. Please review the first part of this article to understand how to safeguard yourself against unscrupulous vehicle sellers.