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Wanna (not) Buy a Stolen Car?
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One of the newest scams is selling you a stolen car right in
your face! Learn "what" to look for and how to avoid
getting scammed. |
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Would you buy a used
car--with cash--from someone you just met in the bar, and who walked you
down a dark alley to show you the car? Not likely. How about from a
well-dressed, friendly, middle-aged man or woman, who placed a classified ad
in your local newspaper, and who meets you midday at a restaurant of your
choice?
Oops! You may be more
likely to be cheated by seller number two. That's the story of Jennifer
Warwa, who bought a minivan and had her mechanic |
examine it. The
mechanic later said how shocked he was that Jennifer had
been scammed:
"Because I met the gentleman who was selling the vehicle. Very clean
cut. In his fifties. Very soft spoken.... And he went with her to
get it inspected. There was just no sign that was the kind of person
he was"" the mechanic told CBC's Marketplace.
A few months later, Jennifer got a phone call from the police. They
said she had purchased a stolen minivan, and they were coming to
seize it. She was so upset, she tried to hide the van from the
police. Eventually they caught up with her and she ended up paying
for a year and a half for a $5,000 bank loan on a van she could not
drive. Ouch!
Jennifer was just one victim in the chain that included the original
owner, the insurance company, other consumers whose insurance rates
keep rising, and the police, who spend thousands of hours tracking
thefts. According to the FBI, a vehicle is stolen about every 25
seconds in the USA, amounting to an $8 billion yearly problem.
Here's how these scams often work. Thieves target particular cars:
for their value, their ease of resale as a whole or in parts, or
because they are easier to steal. Years ago, most cars were stripped
for parts, including unusual parts such as airbags. But today some
thieves are so brash they sell cars through newspapers.
This newer scam is called "VIN cloning"
More
Resources:
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Real Police recommends: If you're
considering a career in law enforcement,
the following company will provide you with
free information on your options, with no
obligation to them, simply by completing an
online form.
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