How to
avoid Internet scams
when buying or selling old trucks
The world wide
reach of the Web and the astonishing speed with which a
deal can be made facilitate things for the bad guys everywhere and
their scams are becoming more common
than never.
You have
to keep your eyes open and do the best you can to
protect yourself against scam artists. These cowardly
little varmints are stupid and narrow minded but they do
their home work and they create some scenarios that
really help them to get what they are looking for with
their online scams.
It may
seem like we're exaggerating when we talk about Internet
scams but scam artists have
several ways of taking your money while you try to buy
or sell an old truck.
The
problem of online scams is so serious that many websites
that buy or sell classic cars and trucks have pages
informing their visitors of the scams. Fortunately you
can go online yourself and look for information on the
party you're dealing with before you commit yourself to
a deal.
MelissaData.com is an excellent source
of information you can use. Some of the data is free and
the rest you'll have to pay for. But it's not too
expensive and it may be worth your while to get all the
details about the person or persons who you are going to
do business with.
Most of
the time scammers invent stories and put themselves as
agents of the buyer or seller. Don't fall for this. If
you're buying or selling make sure you deal with the
right person or somebody who has a legal power of
attorney. Always insist on talking with the other party
directly over the phone or face to face.
If you
are selling anything don't deliver the merchandise
before getting paid. Cash the check or money order first
and then deliver the merchandise. If you're selling a
vehicle keep it in your garage and only sign the title
after getting paid.
Never give anybody the
number of your bank account, passwords and so on unless
it is absolutely necessary and you know who you're
giving the information to. Above all never give
your Social Security number to anybody you don't know or
can't identify. You have to keep this in mind not only
when dealing with the possibility of an Internet scam
but also to avoid the very common crime of identity
theft.
You may need more than
common sense
This story
doesn't involve Internet scams but it shows how careful
you have to be.
Once I put a car in consignment to be sold at a
used car dealer. They had a big showroom with many good
cars for sale.
A few days
later the owner of the place called me and asked me to
bring him the car papers. He said he had a prospective
buyer and he wanted to make sure everything was in
order. I gave him the documents. Remember it was a big
business, with a closed showroom and lots of expensive
cars for sale.
A couple
of weeks later I decided to find out how the sale was
going. I went there and found out that my car wasn't
there anymore. I asked about it and the manager told me
the vehicle has been moved to another showroom.
To make a
long story short they sold the car, got the money,
falsified my signature on the title and that was that. I
went to court and lost the case. I also lost the US$
25,000 I was asking for the car.
I repeat
once more that I was dealing with a big company that had
a showroom full of expensive cars for sale. I found out
later that all those cars had been left there in
consignment by their owners, some of whom never saw
their money either.
Scam
artists are not specially smart but they do their home
work and find ways to make their stories work. You don't
have to be specially smart either. Just don't give them
any personal information and if you're buying or selling
make sure the other party does everything the way they
are supposed to do before you give them your money or any
document whatsoever.
Do a little research and
get better informed about
Internet scams.
We are all at risk. Do
your part to protect yourself against Internet scams if
you want to put your old truck for sale or are trying to
buy one.