Used-car buyers beware of fake Edmunds service

Source: David Lazarus, L.A.Times (Free Registration)

Pamela Jacques wanted to buy a used car for her 16-year-old daughter. Nothing fancy — just a knockabout set of wheels she could safely use to get around. Jacques, 46, of Arcadia, visited various car sites online. She finally came across what looked like a sweet deal: a 2002 Toyota RAV4 with a little more than 76,000 miles on it. The seller wanted just $5,300. "It seemed very reasonable," Jacques told me. "It looked perfect." Too perfect. The car exists, somewhere. But the seller … not so much. Jacques was lucky. She backed out of the purchase just in time. Had she not, she would have fallen for an unusually sophisticated version of a classic scam that all cyber-shoppers should be alert to.

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Tags/Keywords

scams, financial, cars, frauds, used cars, car buying, car sales

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