Eastern Western Motor Group in Scotland
Eastern Western Motor Group in Scotland

Scam warning for private used car buyers


Posted on Friday March 6th, 2015


Scam warning for private used car buyers

Scam warning for private used car buyers
Private car buyers have been alerted to a new scam whereby criminals posing as car owners attempt to sell a car they have simply rented for the day.
 
Here’s how it works, according to an investigation by the HYPERLINK "http://thisismoney.co.uk/"thisismoney.co.uk website:
 
·        A car is advertised at an unusually low price, typically on the grounds that the owner is starting a new job or leaving the country.
·        Potential buyers are encouraged to view it at the seller’s home.
·        The fraudster then hires the vehicle from a rental firm using a stolen credit card.
·        The ‘home’ is a property that’s been rented for the day.
·        The seller asks the buyer for a deposit, often around £1,000, and asks the customer to come back and collect the car later that day.
·        When they do, there is nobody there!
·        The same process can be repeated several times in one day.
·        At the end of the day, the car is returned to the rental firm and the buyers have lost their deposits.
 
“We’ve heard of a number of instances whereby consumers have fallen prey to the rental car con,” said Neil Hodson, the MD managing director of car history checking specialists HPI.  “The fraudsters go to quite some lengths to pull this scam off.”
 
He urged buyers to always verify the owner of a vehicle and their registered address before handing over any money.  “Always ask to see the logbook, V5C and MoT certificate,” he said, “and if they can't produce them, walk away – not matter how convincing their story is.”


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Calls may be monitored for quality and training purposes. Eastern Western Motor Group Ltd is authorised and regulated by the Financial Conduct Authority. Our Firm Reference Number is 310505. Registered Office: 1 Corstorphine Road, Edinburgh EH12 6DD1 Registered in Scotland No. 14833 VAT Registration No. 269233051 We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers.

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