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Tips For Buyers and Sellers

Autos4Dollars.com, Inc. operates on the world wide web and as such is visible in many different countries and to many different people. Because of the nature of the world wide web, it is virtually impossible for us to restrict who sees this website. As a user of this website or any other advertising service, it is up to you to be aware of the possibility of fraud or deception and to take the necessary precautions against this. Keep in mind that we do not monitor responses to ads or participate in any transactions that occur as a result of ads placed or viewed on this website.

The following tips should help buyers and sellers spot suspicious activities in order to avoid becoming a victim.

Buyers - If you are a buyer, make sure that the seller has title and the right to sell the car. Protect yourself by doing a title and lien check. Arrange to meet the seller at their home or place of business and if possible, pay by check.

Sellers - If you are a seller, you must have the right to sell the car. If you sell your car, make sure you get paid. If necessary, ask your bank manager to help you with the transaction or get legal advice. Watch out for scams. If it sounds too good to be true, it probably is.

Use the following guidelines when selling your car:

1. Never agree to accept a cashiers check for an amount greater than the purchase price and then refund the difference. These offers sound tempting but are usually a scam.
2. It is best to do business with a local buyer in person. Exporting a vehicle can be complicated. Remember that used cars are in high demand so there should be plenty of buyers in your own area.
3. Do not transfer title or release the vehicle to the buyer until you have the equivalent of cash. Remember that checks and money orders can take up to 30 days to clear. If you are paid by certified or cashiers check, call the issuing bank to verify that the check is valid. Do not rely on a phone number given to you by the purchaser but instead obtain the number of the issuing bank from a reliable source such as the phone book.
4. Report fraudulent activity to your local police department or law enforcement agency.

Beware of the Cashiers Check Scam - This is where a buyer, usually from a foreign country, offers to give you a cashiers check for thousands more than the value of your car. You would then be instructed to deduct the amount of your car and wire them the difference immediately. This has been identified as a scam, the cashiers checks are counterfeit and if you participate you will probably lose your money.
There are many variations of this scam currently being used. Sometimes the difference is to be sent to a third party as a commission or the money is to be used to pay for shipping charges, etc. Often, the "buyer" will request a change of plan half way through the transaction in order to confuse you. In most cases, the perpetrators don't even want the car. They just want you to wire them your money.

Bad Guys - If you're a bad guy, do not attempt to defraud someone on this website. Any suspicious or fraudulent activity will be REPORTED TO THE POLICE or other appropriate authority.

The foregoing is provided for informational purposes only and is not intended to render legal advice. We do not make any guarantees as to the accuracy or completeness of the above information.

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