At Approved Loan Store, we want to make your car buying process easier and more pleasant. Unfortunately, there are people who offer car terms that are too good to be true, and we have to deal with the fall-out of disillusioned consumers who fell prey to these scams. That is why we wanted to alert our readers to a recent car buying scam in Westchester. It is our hope that by reporting about this scam, car shoppers in the New York City area will not fall for it and then wind up out of money and without a car.
We heard about this car buying scam through the Scarsdale Patch. According to their report, a Westchester man was trying to buy a 1961 Impala from a seller on Auto Trader. The buyer was instructed by the seller to wire the payment for the car through a Google Wallet account. Once the transaction was complete, the seller promised that the car would be shipped. Anyone familiar with these kinds of scams will know how it turned out. After wiring the money late last month, the buyer suddenly couldn’t get a hold of the seller, and even more infuriating, the buyer saw that the car was still listed as available on the Auto Trader Website.
Not everyone who purchases a car through Auto Trader, Craigslist, or other websites has a poor experience. Car buying online can seem convenient, and we have many car buying tools on our website including our online auto loan application. However, there are risks to going through a private buyer on Auto Trader or Craigslist. Even if the seller had shipped the 1961 Impala, there is no telling what condition that car would be in. Furthermore, if a seller asks to have money wired in advance, run the other way. Money transfers are an immediate red flag. To avoid these problems, we recommend buying from a car dealership, preferably an Approved Loan Store dealership. If a private seller still seems promising, though, deal with the seller in person and get the vehicle inspected before purchasing.
Are you looking to get into a new or used car? Good credit, bad credit, no credit, we want to help you get into a great car at terms you can afford! Fill out our secure online auto loan application here, and connect with us by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!