Most people that shop for a car online are usually looking for a particular model, color or type of car that is difficult to find in their hometown. This usually results in the buyer wanting to purchase a car out-of-state. Unfortunately, this opens the door for many less than honest buyers and sellers to create fraud. The list of potential ways someone can defraud a buyer or seller is overwhelming (Read the top ten vehicle fraud stories of the month). It’s very easy for a seller to take someone’s money and never deliver the car, or never payoff the lien on the vehicle or sell you a vehicle that looks great in photos but is really a wreck. In fact, some states are not title holding states and the owner holds the title to the vehicle not the bank. This is how some sellers represent the car as “free and clear”. But guaranteed that a few months after you buy it and register it the original lien holder or bank discovers what happens and they send their repo guy to pick-up the car from your house (and yes legally the bank has the right to the vehicle). When a buyer finds himself or herself in this situation they typically lose tens of thousands of dollars and are faced with trying to prove their case across state lines. And in today’s world the police aren’t exactly putting the vehicle fraud cases at the top of the list… because they too are overwhelmed with the number of times this happens. Transfer Guide helps you avoid all this. We are constantly staying on top of the latest scams and we utilize very sophisticated technology to help you bring home the car of your dreams safely and securely.
Protect yourself using Transfer Guide in the following situations:
- where there is a delay in the transfer of a car, eg. registration
- when buying or selling cars that require shipping or delivery
- where there is a delay between payment and the shipping of the car
- when dealing with questionable parties
- whenever there is a risk of fraud
- whenever you feel nervous about a transaction
Visit our Security Centre for safety tips on how you can protect yourself when buying and selling both online and offline.
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