COVID-19 was not the only thing consumers had to be vigilant about in 2020. Vehicle scams continued to create serious financial and safety risks for buyers and sellers.
Jay Grosman appeared on Channel 4 News to discuss what he described as the greatest auto scam he had seen in nearly 25 years in the automotive industry.
Why This Auto Scam Matters
Used car scams can involve fake identities, false vehicle history, title issues, odometer problems, hidden damage, payment fraud, and misleading seller claims. These issues are often difficult for buyers to catch before money changes hands.
Common Auto Scam Warning Signs
- The seller avoids clear identity verification.
- The title information does not match the seller or vehicle.
- The vehicle history does not match the story being told.
- The price seems unusually low for the market.
- The seller pressures the buyer to move quickly.
- The buyer is asked to trust incomplete paperwork.
How iAutoAgent Helps Reduce Risk
iAutoAgent helps buyers and sellers move through vehicle transactions with more structure, better screening, and a safer process. The goal is to reduce exposure to fraud, avoid preventable mistakes, and make the vehicle transaction easier to understand.
This Channel 4 News feature reinforces why consumers should slow down, verify the vehicle, verify the seller, review the title, and avoid rushing into a deal that could create long-term financial damage.