Last Updated on: 10th June 2020, 11:17 pm
Disposing of your junk car comes with amazing benefits. You obtain some decent amount quite fast. However, you will need to be on the watch since junking your car for cash at times is likely to be hit by scams. Be on the know of the most common junk car scams and look out not to fall a victim.
Beware of Junk Car Towing Scams
How will you identify scams? If you aren’t aware how to do it, here is a handy article to give you insights on the common scams.
Providing no Value
Any moment a company agrees to tow your vehicle, only for it to reach their junkyard, and they claim it has no monetary value, know someone is taking advantage of you. Be fast to make the next move and stop dealing with the company. Some companies will tow your vehicle for free only for them to convince you it has no value once on the junkyard. Never be convinced of such, at no point will your car be worth nothing. Always keep it in mind that any company that agrees to tow your vehicle from your property is because they can already see value in it.
Failure to Transfer the Title
The legal process of disposing of your junk car entails signing the title and handing over to the buyer. The registration of the vehicle will need to be canceled as well. Don’t let the company do the paperwork for you. It is likely to be the start of the scam. Failure to sign the title over first leaves doors open for scams, fees, and car related issues. Ensure you handle the paperwork independently, and remove the license plate as well.
Altering the Quotation
This is one of the most scam tricks where the price quote is changed. The scammer will give a firm price over the phone once you provide the details about your vehicle. But the issues arise once the car arrives at their junkyard. The company tells you a different price for the vehicle. Why is the difference coming in? For that reason, it is always reasonable to get your payment before the towing to ensure you don’t have to struggle to do followups for your cash. Never settle for a price that is less than what was originally quoted.
Sending the Check Via Email
Some companies will try to dupe you by towing the car first, then sending the check to you via mail. In most instances, you will get the check. For that reason, always insists on payment first. Even though you may not want to ward off the check altogether, it is still a red flag.
Although many businesses will work with checks alongside other repayment options. But beware of scammers who will use checks with higher amounts than the value of your vehicle. They will then ask for you to send the extra amount to them.
So, what is the best way to avoid falling prey to the scammers? The best way to do it is by seeking to work with reputable companies. Do your background check and find reviews online before engaging with a given company.
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