Fraud Prevention Tips from www.autolotonline.com
IMPORTANT: AutoLot - Online DOES NOT provide nor offer any kind of payment protection for any transactions that this website has brought together.
After a buyer contacts you, YOU ARE ON YOUR OWN.
By keeping in mind the following suggestions, it should minimize the possibilities of fraud.
- Be cautious of buyers that only want to communicate via email.
- Watch out for offers that simply seem "too good to be true".
- Talk with your buyer. Good communication will will build confidence with the buyer, and both parties should have a better experience.
- Watch out for the "Over payment scam". This is a very common scam where the buyer will send a cashier check for more than the asking price of the vehicle. The buyer instructs the seller to send the difference of overpayment. Typically, the check or money order sent was counterfeit and will be returned to the seller with insufficient funds. The seller is cheated out of their vehicle along with the cash difference that they sent.
- Take precaution when purchasing a vehicle outside your country. Legal recourse can be much more difficult in these circumstances.
- Be sure to agree on payment terms.