Carsahoy is free, easy to use market where
you can sell your vehicles with no charge and search for future vehicles to
purchase. Unfortunately with free websites like these, scams will be common,
but there are ways to spot and know what is a scam and what to do if you happen
to come across one.
Always use common sense and caution when dealing with any online
market, especially one that deals with financial transactions.
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If possible, deal only with local
buyers and sellers.
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Never
send money to distant seller through carriers such as Western Union
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Never give out personal information such as checking account numbers,
SSN, paypal info, etc.
If you feel that you have been scammed, contact your local police
stations via the non-emergency number. They should be able to offer options and
advice on what to do.
Who to Notify about Frauds
If you suspect a vehicle listing on Carsahoy is part of a scam,
please email the information immediatly to
abuse@carsahoy.com. Be
sure to include the URL of the listing in your email. You can also contact
autorities if the listing is in fact a scam by going or calling one of the
following in the list below.
- FTC toll free hotline: 877-FTC-HELP (877-382-4357)
- FTC
online complaint form (www.ftc.gov)
- Internet Fraud Complaint Center (www.ifccfbi.gov/)
Recognize a Scam
Most scams follow a trend, which when encountered should
spark some caution. These trends include:
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The buyer or seller is long distance
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The offer includes a cashier's check, postal money order, Western Union, or
escrow service (BidPay, Squaretrade, etc.)
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The opposite party refuses to meet face-to-face
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The deal is too good to be true
Types of Scams
1. Distant Buyer offers a high-value (fake)Cashier's
Check in exchange for your vehicle
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You recieve an email offering to buy your vehicle off Carsahoy
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A cahier's check is offered for your vehicle
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The value of the check is usually far greater then the item - the buyer then
asks you wire the balance through a money transfer service
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Banks cash these fake checks and then hold you
responsible when the check fails to clear
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These scams often involve an outside party as a shipping company
2. Distant Seller requests payment via Western
Union or MoneyGram
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Seller often claims that an MTCN or some comfirmation code is needed before he
can withdraw the money. This is false, once you've sent the money,
its gone.
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Deal usually seems too good to be true
3. Distant Seller offers to send you a Cashier's
Check and then have you wire the money
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This is nearly always
a scam. The cashier's check is fake.
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It is sometimes accompanied with an offer of merchandise
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Scammer often asks for personal information (name, address) to print on the
fake check
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Deal usually seems too good to be true
4. Distant Seller suggests use of an online escrow
service
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Most online escrow sites are frauds, operated by scammers with the
sole purpose of stealing your money
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For more info, look search fake escrow or escrow fraud
in a search engine
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If you have to do business with the other party, insist on using a legitamate
option such as www.escrow.com