Scammers sometimes advertise very rare or
expensive classic cars for sale on a web site
with a price that seems to good to be true.
Or, in a variation of the Overpayment Scam, con
artists target those selling their classic cars.
In this scenario, a scammer, who may or may not
actually be from overseas, claims he wants to
buy it, frequently for more than you are asking.
Citing a bogus reason for the overage, the
fraudster mails you a money order for more than
the amount of the purchase. You are asked to
send them back all or most of the difference.
The money orders look real and are often
accepted by bank, but they are actually fake.
You are victimized twice: losing the difference
you’ve sent them in cash as well as the item you
shipped them, not to mention dealing with
charges from your bank for the fraudulent
payment.
Protect Yourself: Tips for Buyers
 | Very Low Price |
| Wrong Phone Number |
| Request For Your Personal Information
|
| Phony Escrow Companies - Scammers can
easily create websites that look like
legitimate escrow companies but are really
just a front to try and get a deposit from
you. Only use a third-party that you already
know and trust. |
| Wire Transfer |
| Email Address in Ad Description |
Protect Yourself: Tips for Sellers
| Buyer Requests an Inspection - Do not
pay for an inspection of your vehicle at a
buyer's request. If an inspection is
requested, the buyer should pay for it. If
you do decide to pay for an inspection,
never use a service recommended by the
buyer. |
| Out of Country |
| Buyer Has an “Agent” |
| Buyer Sends Extra Funds |
| Cashier’s Checks |
| Buyer is Representing a Client |
| Request For Your Personal Information |
| Phony Escrow Companies |
| Email Only – Scammers also tend to use
free email accounts from providers like
Yahoo, Hotmail, Gmail, and others. |
Source:
http://www.scambusters.org/overpayment.html
and
http://www.oldcaronline.com/fraud.php .
