subject: 5 ways to avoid auto salvage scammers [print this page] 5 ways to avoid auto salvage scammers 5 ways to avoid auto salvage scammers
Auto salvaging is the type of business that has the capacity to attract many scammers. Scammers flock to auto salvaging because there are often ways to get around the regulation in this industry, and to them it can be easy money. Unfortunately, the victims of the scammers are often unsuspecting customers spending their hard-earned money hoping to get a good deal on what were once salvaged vehicles. When buying from a salvage dealer, it is recommended that the buyer knows exactly what they are doing as scammers are trained to spot buyers who are not confident. The best way to increase your confidence with regards to purchasing from auto salvage dealers is to increase your knowledge of the industry.
5 steps to avoid being scammed by auto salvage dealers 1. Know the right questions to ask. Doing the research is the buyer's responsibility. It is necessary that the buyer realizes that dealers are not obligated to divulge information and should therefore know how to approach the deal. Always ask for thorough history checks, potential resale value, legality and insurability of the vehicle.
2. Request a thorough history or vehicle identification number check on the vehicle you will potentially buy. These checks show the potential buyer the complete vehicle history including the exact type or types of damage it may have sustained.
3. Ensure that the vehicle was not rebuilt. Rebuilt vehicles are those that have been clipped or patched together from various vehicle parts from one or more other autos. Rebuilt vehicles will be less safe and have more trouble obtaining licensing and insurance.
4. Check with the state department to find out the criteria for street legal vehicles. Street legal vehicles are not to be heavily modified or completely rebuilt. If this is the case then there is a great chance that the vehicle will not be granted a licence to operate.
5. Check with insurance agents to find out if the car will be insurable. Some cars are considered high risk for insurance companies especially those that once had salvage titles. Insurance agencies will request high premiums on cars that are deemed unsafe and it is important that the buyer knows this before entering into a deal.
Asking the right questions and following the aforementioned tips will keep the salvage dealers honest. It is first and foremost the responsibility of the buyer to ensure that they equip themselves with enough knowledge not to be scammed.
