Vehicle Shipping Scams are on the rise. This article will help you understand what to look for and how to avoid becoming a victim.
Social distancing guidelines during the COVID-19 pandemic have fueled an unprecedented shift to online shopping for consumer goods of all kinds, including vehicles, with particularly high demand for recreational vehicles. Many online platforms list cars, trucks, vans and RVs for very low prices, with sellers offering to make third-party delivery arrangements if the buyer pays via escrow. In reality, neither the automobile nor the escrow company exists — leaving the buyer without their money or their vehicle, according to a press release from the Better Business Bureau.
An in-depth investigative study by BBB finds that thousands of consumers have fallen victim to this scam, with losses totaling millions of dollars. The study “Virtual Vehicle Vendor Scams: BBB Study Reveals a Growing Scam Using Fake Cars and Escrow Companies to Steal from Unwitting Consumers” points to heightened risk from this scam as demand increases for online vehicle purchases. Read the full study at bbb.org/fakevehicles.