Sélectionner une page

Open navigation Main Menu Mortgages

Refinancing your existing loan Finding the best lender Additional Information

Looking for a financial advisor? Take our 3 minute quiz and then match up the advisor you want today.

Go For a Payday Loan Today! | Loans today, Payday loans, Instant loansMain Menu Banking

Calculators to compare accounts Use the calculators and get advice Bank reviews

Looking for a financial advisor? Take our 3 minute quiz and connect with an advisor today.

Main Menu Credit cards

Compare by category Compare by credit needed Compare by issuer Get advice

Looking for the perfect credit card? Narrow your search with CardMatch(tm)

Main Menu Loans

Personal Loans Student Loans Calculators for Loans, Auto Loans

Find an individual loan within 2 minutes or less. You can also answer a few questions to be offered loans, with no impact on the credit rating.

Main Menu Investing

Top of the Brokerages, and robo-advisors Learn the basics Additional information

Looking for a financial advisor? Try our three minute test and connect with an advisor today.

Main Menu Home equity

Get the best rates Lender reviews. Calculators. base

Looking for a financial advisor? Take our 3 minute quiz and then match up the advisor you want today.

Main Menu Real estate

Home selling or buying a home Locating the right agent resources

Looking for a financial advisor? Take our 3 minute quiz and match the advisor you want today.

Main Menu, Food and Insurance

Car Insurance Homeowners insurance Other Insurance Company reviews

Looking for a financial advisor? Do our 3-minute quiz and connect with an advisor today.

Main Menu Retirement

Retirement plans & accounts Learn the basics Retirement calculators Additional resources

Looking for a financial advisor? Try our three minute test and match to an adviser today.

Search open Close search


How to avoid online car buying scams Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by offering you interactive tools and financial calculators, publishing original and objective content, by enabling users to conduct research and compare information at no cost and help you make financial decisions with confidence. Bankrate has agreements with issuers, including but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this site come from companies who pay us. This compensation may impact how and when products are featured on this website, for example for instance, the order in which they may appear in the listing categories, except where prohibited by law for our mortgage, home equity and other products for home loans. However, this compensation will not influence the content we publish or the reviews appear on this website. We do not include the universe of companies or financial deals that could be available to you.


You are on this Page On This Page

Prev Next

AzmanL/Getty Images

5 min read 13 October 2022.

Writen by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers with the details of taking out loans to purchase an automobile.

Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain the confidence to control their finances through providing clear, well-researched information that breaks down otherwise complex topics into manageable bites.

The Bankrate promise

More details

At Bankrate we are committed to helping you make smarter financial decisions. While we adhere to strict ethical standards ,

This post could contain some references to products offered by our partners. Here’s an explanation for how we earn money .

The Bankrate promise

Founded in 1976, Bankrate has a long experience of helping customers make informed financial decisions.

We’ve earned this name for more than 40 years by simplifying the process of financial decision-making

process, and giving people confidence in the decisions they will take next. process that is rigorous and precise.

So you can be sure you can trust us to put your needs first. All of our content was written in the hands of and edited by ,

We make sure that everything we publish ensures that everything we publish is accurate, objective and reliable. Our loans journalists and editors concentrate on the areas that consumers are concerned about the most — various types of loans available and the most competitive rates, the most reliable lenders, how to pay off debt and more — so you’ll feel safe making your investment.

Integrity of the editorial process

Bankrate adheres to a strict code of conduct , so you can trust that we put your interests first. Our award-winning editors, reporters and editors create honest and accurate content to assist you in making the right financial choices. The key principles We respect your confidence. Our goal is to offer readers accurate and unbiased information. We have standards for editorial content in place to ensure that this happens. Our editors and reporters thoroughly check the accuracy of editorial content to ensure the information you’re receiving is accurate. We have a strict separation between advertisers as well as our editorial staff. Our editorial team doesn’t receive any direct payment by our advertising partners. Editorial Independence Bankrate’s team of editors writes for YOU – the reader. Our aim is to provide you the most accurate advice to help you make smart financial decisions for your personal finances. We adhere to strict guidelines in order to ensure that our editorial content is not influenced by advertisers. Our editorial team is not paid direct compensation from advertisers, and all of our content is fact-checked to ensure accuracy. So, whether you’re reading an article or review, you can be sure that you’re getting reliable and reliable information.

How do we earn money?

There are money-related questions. Bankrate has answers. Our experts have helped you understand your money for over four decades. We continually strive to give our customers the right advice and tools needed to make it through life’s financial journey. Bankrate adheres to a strict code of conduct , therefore you can be confident that our content is honest and precise. Our award-winning editors, reporters and editors produce honest and reliable content that will help you make the best financial decisions. The content created by our editorial staff is factual, objective and uninfluenced from our advertising. We’re open regarding how we’re in a position to provide quality content, competitive rates, and valuable tools to our customers by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated for placement of sponsored products or services, or when you click on specific links on our site. This compensation could affect the way, location and when products appear within listing categories, unless it is prohibited by law for our mortgage, home equity and other home lending products. Other factors, like our own rules for our website and whether or not a product is available within your region or within your personal credit score may also influence how and where products appear on this site. While we strive to provide the most diverse selection of products, Bankrate does not include information about every financial or credit product or service.

The ability to purchase a car from the at-home comforts of your sofa by just a few clicks can be a good thing, but it also brings some risks. Like the majority of the internet there are scams that have slipped into the space. Be aware of common cons so you don’t lose money in the process of getting a new vehicle. Common online car buying scams There are a few scams that the FTC (Federal Trade Commission) has for online car sales, but there are some common scams to look out for when . Identity theft Some scammers do not just want to swindle you out of your funds, but also to gather your personal information. They may ask for information such as you Social Security number, birthdate or banking number. Do not share any personal details with potential buyers, excluding your name and telephone number. If you do apply for a position the position, make sure it’s legal, legitimate, and has positive reviews. Otherwise, it may be more beneficial to apply outside of the dealership -or go to a location where you can verify whether the vendor is honest and trustworthy. False advertisements When seeking private sales You may come across ads that do not include the VIN or vehicle identification number. If you’re unable to confirm that the vehicle exists — as in see the vehicle in person, and be sure that the VIN is accurate — don’t send money. It is not uncommon for scammers to show vehicles in advertisements without having it. Even if the car exists, confirm that it is not reported as stolen and it has a clean vehicle history report. Curbstoning This scam is where a dealer claims to be a private seller in order to sell an unconformity-related vehicle with normal dealer regulations which means it has salvaged titles or is damaged. A salvaged title will cause major headaches when it is time to insure the vehicle. Avoid this fraud by staying away from online auctions of vehicles that are located on vacant lots, on the side of the road, or at the seller’s home. Like all private sales, make sure you verify the seller’s identity and VIN are genuine before you agree to buy. Buying sight unseen Never agree to purchase a vehicle without having seen it. Not only is it best to take the car you are considering for a test drive and purchasing it without seeing it could mean that the car may not appear as the photos suggest or worse — not exists at all. If the seller pressures you or entices you to complete a fast purchase before you view the car in person, it is likely to be a fraud. Request for wire transfer or credit card gift cards If the potential seller asks for an electronic transfer to make the car payment, do not accept it. This is a typical tactic that scammers use to take your money , but with no vehicle in return. The money you wired isn’t traceable and extremely difficult to trace. This means you may end up with no car and no potential reimbursement. Similar to scammers wanting payment via wire transfer, some sellers will request gifts cards in exchange for payment. Again, walk away. Gift cards cannot be traced and indicate that the seller is probably trying to scam you. Title washing washing is an attempt to cover up damage caused by a wreck, or other problems in the vehicle’s past. If you do have to pay for it yourself, always get a vehicle history report on the VIN. It’s not sure if it will reveal everything the car has gone through, but it can help you avoid falling prey to a scammer trying to sell you a dangerous vehicle. Fake escrow account While this scam can take place in two ways, be aware of the possibility of using an escrow account that is fake when buying a car online. Escrow accounts are legitimate method to keep both parties safe from fraud. But, scammers could use fraudulent escrow accounts to trick you into transferring money directly into the account of the seller. When the time comes to pick up the vehicle and transfer the title the seller isn’t in contact with you — and you are stuck with no option to get your money back. Do you think online car purchasing is an ideal choice? If you use an authentic service, buying a car online can be the same as purchasing a car from a dealership. Even if you go with a private seller, do not allow the possibility of scams happening discourage you from buying. Being a well-informed consumer, you will be less likely to get scammed and more likely to leave happy with your vehicle purchase. Benefits of online car buying If you know what are the most common scams and you are able to find a legitimate source, buying a vehicle online has its benefits. Primarily, it saves time. It isn’t necessary to go to several dealerships and have to deal with physically searching inventory on many. Online shopping gives you unlimited options for shopping. Since you aren’t limited to what you can find at a dealership it is possible to find a better match for your needs. No sales pressure — after all, you’ll likely be browsing through websites via your smartphone or laptop, not subjecting yourself to sales representatives from a professional. If you choose to go with a brand similar to Carvana or Vroom You’ll have access to delivery across the country. There may be a small fee, but if you get the right car it could be worth the cost. Drawbacks of online car buying Aside from scams, there are a couple of reasons why people prefer traditional dealers. Large online sites mean no bargaining. You can bargain with a private seller, though you will be at risk of getting victimized by an enigma. The lenders may not be able to offer financing for private sales when you are looking online. In the event that they offer it, you might find that the rates are higher than with the purchase of a used or new car loan. It is possible that you won’t be able perform an inspection in person until you meet with the seller , or arrange for the car to be delivered. It could be even harder for a mechanic to check it when you shop online. What to do if you’ve been victimized If you believe you have fallen victim to an online fraud There are some steps to take. File a complaint directly with the center for fraud. Get in touch with your attorney general of the state. Report the fraud to the FBI . The FBI will report the fraud to the . It may be difficult or impossible to obtain your cash back if you made it through a wire transfer or transferred gift cards. Be aware of your bank activity when you have entered any data on an illegitimate website. If you spot any suspicious activities, notify your bank to report the fraud and change any usernames or passwords linked to the account. The bottom line: If a car deal sounds too good to be true It’s probably true. A car purchase online can be a perfectly safe way to buy a secondhand vehicle. But , keep an eye on common scams and trust your gut. If you notice something that seems suspicious, it probably is. In time’s end, there’s plenty of used vehicles on the market. It is possible to opt to walk away from a deal and look for a authentic seller via trustworthy websites, or go with an used car dealer. Find out more


Authored by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers in navigating the details of taking out loans to purchase a car.

Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate since late 2021. They are enthusiastic about helping readers gain the confidence to take control of their finances through providing clear, well-researched facts that break down complicated topics into bite-sized pieces.

Auto loans editor

Related Articles Car Insurance 7 min read November 18 2022

Auto Loans read 4 minutes Oct 11, 2022

Auto Loans 5 minutes read on October 10 2022

Auto Loans 3 minutes read May 10, 2022



Legal Cookie settings Don’t sell my personal information

How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated for the promotion of sponsored goods and services or when you click on certain hyperlinks on our website. So, this compensation can affect the way, location and in what order items appear within listing categories in the event that they are not permitted by law. We also offer mortgage, home equity, and other home loan products. Other elements, such as our own website rules and whether a product is available in the area you reside in or is within your personal credit score may also influence the way and place products are listed on this site. While we strive to provide the most diverse selection of products, Bankrate does not include information about every credit or financial product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |


(c) 2023 Bankrate, LLC. It is a Red Ventures company. All Rights reserved.

If you have any questions pertaining to where by and how to use payday loans online same day nyc [usabankre.ru], you can speak to us at our own web site.