Selling a Car? Cons to watch out for!

Selling a car was always a bit risky; the dodgy cheque, the bundle of forged cash, the chance that someone would drive off when test driving, or come back at night and steal it.

But now, what with a lot of cars sold through web-sites and more haggling done via the emails and telephone, those days almost seem quaint and innocent. You now have to accept that there are a large number of people out there ready to take you for a ride, and you have to be on your guard. It’s best to play it really safe and in a way, be cynical of all approaches. A case of guilty until proved innocent.

There are quite a few cons out there, but basically all work to the same theme, and unfortunately they rely on people being gullible and trustworthy. Some will involve chancers who operate on the margins in this country, earning a good living by creaming off a few hundred pounds here and there from people selling anything, not just cars, and then there are the more organised crime gangs, often based in other countries, who are sophisticated and very clever at parting you and your money.

One of the more popular cons at the moment is the forged cheque technique.

You have a car to sell and someone emails you offering to buy it, but then sends you a seemingly sound looking cheque (certified, cashiers, building society, or bankers draft) for too much money. You get the cheque, you email them and they, all sweetness and light, say not to worry, when their cheque has cleared, could you please send the surplus via money transfer to their shipping agent.

Quite reasonable you think. So their cheque clears in three days, you send the surplus money as requested, and then, some two weeks later, your bank informs you that the cheque was actually stolen and claims all the monies back, including your surplus payment which you have no chance of claiming back because it was by money transfer and when you look at your emails with the buyer, you have no idea where this person actually is.

Basically, your are blinded by the sense of fairness of it all. You end up having not sold your car and having forked out a few hundred pounds for the priviledge.

Now, let’s not go into the banks role in all this, which seems to regard you as the sole judge of the legitimate status of a cheque and leaves you to carry the can. Rather, lets look at a few basics. There is one great rule in life; there’s no such thing as a free lunch. If someone offers you more than you are asking for the car, then why would they do that: are they stupid, on the make, or have made a genuine mistake. Rarely do people happily pay over the odds for it and if that is what happens to you, then stop right there.
Report the email and send the cheque to the authorities; or, if you think it a genuine mistake, ask for the correct amount of money to be sent and for a longer period for the cheque to be cleared, informing your bank that it might be suspect.

Also, have a close look at the email that comes from the alleged buyer. Poor English is often a sign that it is coming from far afield, from someone sat thousands of miles away with no intention of buying your car. Also, look at the email address. If it’s from one of the free services, then remember that anyone, anywhere can create such an address, with few details, in seconds.

Basically, if it doesn’t feel right, then it most probably isn’t.

A less sophisticated con, but one quite effective nonetheless, is targeted at people selling their cars through web-sites and listings magazines.

A company emails, or rings someone selling a car and says I represent ABC Ltd (it will be a very respectable name, with references to cars in it) and have a firm buyer for your car, but you need to pay a deposit, lets say £99 (they judge the price just right, so as to avoid the tricked person spending too much on chasing them) to secure the sale, otherwise the buyer, tired of being gazumped, will walk away.

Great you say, what’s £99, if I have a firm buyer for my car and the £99 will be refunded after the sale anyway. Wrong. That’s the rule of any transaction. He who comes first with the loot, gets the deal. Why should you pay anyone to have anyone secure the deal? And when you think about it, the prospective purchaser hasn’t even seen your car, so why would they enter into such an agreement?

But of course, people pay over the £99, no buyer transpires and no-one ever answers the telephone at the company who’s just fleeced you of £99. And most people say nevermind, put it down to one of life’s lessons and walk away embarrassed.

Above all, remember that if it doesn’t sound right, don’t touch it with a barge pole!