5 Scams to Be Aware of When Selling a Car
Sell it 2 Gunn! never recommends private car sales to its customers, as there’s always the danger that an honest car sale will attract scammers. However, no matter what you decide, we’re here to support you. That’s why we’re providing customers with the following guide to common car sale scams to avoid!
What Scams Should I Be Aware of When Selling My Car?
At Gunn Auto Buying Center, we have every safeguard and proper protocol in place to sell your car at a competitive price without the migraine of hunting down legitimate potential buyers on your own. Proceed with caution if you suspect that any of the following scams may be at play.
Beware of Overpaying
Be wary of buyers who send a check or money order for more than the agreed-upon price and ask for the excess amount to be returned. These payments are often fraudulent, and you could end up losing both your car and the extra money.
Avoid Third-Party Online Services
Some scammers may suggest using an escrow or third-party service to handle the car sale transaction. They might provide a link to a fake site, convincing you to deposit your car with them. Once the car is gone, your money and the scammer will likely disappear.
The Dangers of Title Washing
Dishonest buyers might try to persuade you to sell your car without providing a proper title transfer. They may assure you they can handle it later, but this leaves you liable for any future issues connected to your vehicle.
Be Wary of Bounced Checks or Fake Money Orders
Be cautious of buyers who offer payment with a check or money order. Verify the funds before finalizing the deal, as fake payments are a common tactic used by scammers.
The Prevalence of Phishing
Take the time to inspect suspicious emails or messages that request personal information or that pose as legitimate car buyers. Don’t click any links before Googling the business or the person–even then proceed with caution. Following the instructions of predatory emails or texts can lead to identity theft or fraudulent withdrawals from your bank account.
Sell My Car in San Antonio with Gunn Auto Buying Center
Whether you’re in Corinth, Selma, or San Antonio, feel free to contact our dedicated team today
with any questions regarding common car scams, our pricing, vehicle offers, title transfers, and concerns about what to do with license plates after a car sale.