Payback_Official’s Post

An emerging trend in the car market is the sale of stolen vehicles. These cars can end up being sold to unsuspecting buyers, leading to significant legal and financial troubles. Here’s how you can protect yourself: Get a Vehicle History Report: Always obtain a comprehensive vehicle history report before buying. This report can reveal if the vehicle has been reported stolen or has any other red flags. Do Your Due Diligence: Research the vehicle thoroughly. Check the Vehicle Identification Number (VIN) against various databases to ensure its legitimacy. Verify the Seller: Purchase from reputable, OMVIC-registered dealers who follow stringent regulations and provide full disclosure about the vehicle's history. Inspect the Paperwork: Ensure all documents, including the title and registration, are valid and match the vehicle's details. Protect yourself from potential fraud and ensure your next vehicle is both legally and ethically sound. Drive smart, and stay informed! Learn more: https://lnkd.in/eNRWUJz5

 Buying a used car can save you money, but it can expose you to potential scams. Here are four common scams to watch out for: 🌑 Title Washing: Scammers alter a car's title to hide issues like salvage or rebuilt status, often with cars damaged by floods or accidents. 🌑 Odometer Rollbacks: Dishonest sellers tamper with odometers to display lower mileage, making the car seem less used and more valuable. 🌑 Curbstoning: Unlicensed sellers pose as private sellers, often meeting in informal locations, to sell damaged or fraudulent vehicles. 🌑 VIN Cloning: Criminals steal vehicle identification numbers (VINs) from legal cars and use them on stolen vehicles, leaving buyers at risk. How to Avoid Scams: ✅ Get a vehicle history report (e.g., from Carfax or AutoCheck). ✅ Have the car inspected by a trusted mechanic before purchasing. ✅ Buy from reputable dealers or certified pre-owned programs. ✅ Always be cautious of deals that seem too good to be true! https://lnkd.in/e4WMn_zv

🚗 Navigating the auto market is an adventurous journey filled with both genuine sellers and cunning fraudsters. Stay alert, educate yourself and equip with the right tools to dodge the impostor scams and make your car-buying process worry-free. Check out the new update on BBB's Virtual Vehicle Study:

🚨 Beware of virtual vehicle vendor scams! 🚗 Fraudsters are targeting classic car buyers, exploiting vehicle history reports to steal money & info. BBB reports show a surge in 2023. Scammers create fake websites, steal photos & VINs. Buyers 45+ make up most reports. Classic car enthusiasts hit with low prices & promises of rare finds. Median losses: $12,600 in fraudulent sales & $45 in fake reports. Protect yourself! Check out BBB.org/ScamStudies for more info. #ScamAlert #VehicleScams

🚗 Navigating the auto market is an adventurous journey filled with both genuine sellers and cunning fraudsters. Stay alert, educate yourself and equip with the right tools to dodge the impostor scams and make your car-buying process worry-free. Check out the new update on BBB's Virtual Vehicle Study:

Fraudulent transactions and scams are on the rise across the automotive sector and there is an increasing need to provide safe and secure transactions to protect buyers and sellers in vehicle transactions. Check out some of the horror stories in the link below. #autotech #digitalidentity #digitalID #deepfakes #scams ACCC | carsales | Australian Automotive Dealer Association (AADA) | VicRoads | Austroads | FinTech Australia | Autotrader US | Meta

"Government Takes Bold Action to Curb Unethical Car Dealer Fees and Enhance Consumer Protection" The federal government is making significant strides to protect car buyers from unfair fees imposed by dealerships nationwide. New regulations demand upfront disclosure of all costs, empowering consumers with transparency and preventing hidden charges. Stricter penalties for non-compliance underscore the commitment to ethical practices. Simultaneously, tech giants like Apple are enhancing security features to safeguard user data, reflecting a broader trend of companies prioritizing consumer protection. These measures signal a pivotal shift towards trust, credibility, and enhanced privacy in both the automotive and tech industries. #ConsumerProtection #CarBuyers #Transparency #DataSecurity #EthicalBusiness #RegulatoryChanges #TechSecurity https://lnkd.in/d8weiGCd

It’s concerning to see the rise in phone thefts by thieves on bikes, often eBikes or mopeds. The latest data shows a staggering 150% increase in these incidents, with an estimated 78,000 people having their phones or bags snatched on British streets in the year leading up to March 2024, according to the Crime Survey for England and Wales. This equates to over 200 incidents every day across England and Wales. Yet, the response has been far from adequate. Only 0.8% of "theft from the person" cases resulted in a charge, and a shocking 81.9% of police investigations were closed before a suspect was found. In response, the UK government is calling on phone manufacturers to help tackle this issue. Policing Minister Dame Diana Johnson has urged manufacturers to ensure that any stolen phone can be permanently disabled, deterring thieves by making resale impossible. While software exists to lock or "brick" stolen phones, thieves often strip phones for valuable parts. For example, an iPhone 15 Max screen can fetch up to £350, and other components like cameras, casings, and motherboards are highly valuable to repairers globally. Although companies like Apple have taken steps to tie parts to specific model numbers, it appears that these safeguards can still be bypassed with the right equipment. Unfortunately, simply reducing the resale of stolen phones may not be enough. We need stronger policing to catch criminals and impose harsher penalties to deter others from committing these crimes. What are your thoughts on this issue? How can we effectively address this growing problem? Comment below.

Warning from the RAC not to trust QR codes on parking machines – many are being used by criminals as a way to lead motorists to fake payment sites and their card details captured. https://ow.ly/TliF50T0QpA #Startlinemotorfinance #motorfinance #dealers #dealership #autoretail #motorindustry #EVs

Like if your agree and comment if you disagree 🤷🏼♂️ Since the prom season has started we have been receiving so many calls of parents who have been promised luxury cars for a single day at a fraction of the price to what it should be. What does it actually cost to rent a luxury supercar ? Well if you purchase a Ferrari, pay for the insurance and keep it up to date with maintenance then you can expect to pay something like £1000.00 + per day depending on the make and model. A company who’s been paying for fake reviews and fooling customers in handing over up to £5,000 a time via bank transfers of cars that never show up due to them “breaking down” on the day of the hire is disgusting. How can you not only steal someone’s money yet have the ability to live with yourself knowing that you have broken someone’s dream. Companies such as Trustpilot are very much complicit in this as they promote paid services from such companies and are quick to remove negative reviews. Name me one company who has 1000+ 5 🌟 reviews, especially a service based business. We have covered quite a few of these bookings with the same stories how this so called “company” let them down. The con artist uses the customers money to pay for sponsored Google adds to reach page one and people are being fooled in renting Ferrari & Lamborghini models from as little as £400 a day with a £5,000 (refundable deposit) which obviously is never returned. At Royal Rentals our reputation is everything and even we have been the target of cyber crime by fake instagram accounts of our company. How do we fix this problem and should we feel sorry for customers loosing thousands of pounds in an industry that already might have a sketchy reputation ? Forgot to mention Action Fraud are also useless. BBC News