The currently running era of modernization has brought many affirmative changes to many important sectors of society. The most focused one is the industry sector dealing with transport. Compared to the earlier times, the transport mechanism has witnessed a drastic positive change in the vehicles associated. Most welcomed alterations are in the cars. With more advanced and safety features attached, the prices have also been hiked. Despite these hiking price challenges, people are comfortable in buying the needed needs cars. But with more reliable features and suiting needs, there are challenges attached to it.

The recent conception about buying cars is a prevailing doubt on whom to trust. The industry, recently, has been dealing with lots of unmeddled overpromises. And what is the result of these activities? The potential buyers fall prey to these undoubted tactics and end up becoming victims of an unwanted scam. With the increasing demand for used cars, due to the rising prices, people are finding comfort in driving the used cars which are available at the buying prices. With this increasing trend and online platforms becoming the source of availability and option providing, the presence of scammers is also becoming higher.

This blog is dedicated to making people aware of these arising scenarios and to educate people and make them aware of the consequences they might face. Below are mentioned some common types of scams or fraud that are making people fall victim and lose their hard-earned money to people who are resorting to illegal tactics. This is why these days loaner carss are making a good flow in the market.Wondering why are loaner cars good deals? Well, actually they are sold by authorised companies directly to the consumer and thus act as a safe option.

Revealing Some Of The Common Scams Prevailing In The Car Markets

You might be thinking why to know about these scammers when you can identify them with some actions, isn’t it? But you are wrong in this thinking. The methods of scamming people and hiding away from their faults have changed along with the growth of digital methods. If you are a dedicated buyer and a first-time purchaser, then you should be aware of the scams or the frauds trapping the customers.

• Lemon Cars- just go by the name. Like the taste, You will definitely feel sour after purchasing the car under such a scam. Lemon means the car is loaded with major defects that might not be apparent at the time of purchasing but can only be found out after purchase when put to continuous use for some time. These major defects include engine problems, electrical faults, to transfer problems. The remedy you can opt for is to ask for the car’s history including questioning any sort of issues prevailing or searching out for warning signs. Suggestion- it would be better to get the car inspected by the mechanic before agreeing to a purchase.
• Odometer Fraud- the name might be bothering some kind of identification though. But here’s a clear explanation. In this fraud, the scammers roll back the car’s mileage to make it appear less traveled and, thus, less wear and tear, covering the fact of years of road travel. But how to find out about the odometer fraud? Here’s some point: check out the mismatched tires and brakes, which appear to be more worn out compared to the apparent car’s mileage. Or, a careful and concentrated examination of the odometer will uncover the signs of tampering. Or, check out the car’s history and point out any inconsistency reported concerning the mileage. The only suggestion is to look out for possible car’s recorded history and to look out for the odometer reading revealing the true markings.
• Vehicle Report Scam- this type of fraud denotes a practice of hiding a car’s history involving damages like flood damage, accidental damage, or any other, a factor that can lead to the revealing of the car’s necessary information.  What to remember: To find out about any above-mentioned damage, check out the signs of mismatched paints or any further signs of rust that indicate accidental or flood damage. Or, search for the car’s history’s original records and look out for inconsistencies. Or, get the car checked by the mechanic. Indication- if you are purchasing from a decent manufacturer, he shall be willing to provide reliable and transparent information.
• Bogus add-ons- as the name signifies, bogus means adding extra features or unnecessary features to the car just to increase its price. But how to identify them is an issue?  Just spot common ads on the car, which are provided in the car manuals or a car ad, like paint protection and fabric protection, and then compare the features to the ones mentioned in the sale agreement. The only remedy to find the bogus ad is to read the sale agreement carefully and point out the extra features, which, being a buyer, you possibly find extra, and you can simply cancel the deal if you think the dealer is scamming you.

It’s important to know that not all sellers are frauds or are there in the market to scam you. All you have to remember is that keeping updated about the market standards and looking out for the car’s history will help you from becoming the victim of fraud.

Some Visible Red Flags to Identify the Fraudsters

1. Extremely low prices- whether it’s a used car or a brand new one, the prices for both are soaring high. So when a dealer offers you an extremely low car price, then this is a red flag sign.

2. The dealer pressurizes you to instantly buy the vehicle concerned. This is the sign that you need to think of.

3. Asking for marge deposits or payments- This sign is one of the most apparent symbols possible which shows that the dealer is trying to scam you. Therefore, before making any such purchase, keep in mind to check the prices from other dealers or see the prices online.

4. Hesitates in providing proper documents- documentation is one of the very important tasks that you, being the purchaser, should keep in mind. While finalizing the deal, remember to keep track of all the documents required to make the legally valid.