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3. Gift Card Scam. Another hallmark of many scams targeting used car buyers is a request for gift cards as payment. When the buyer calls the fake toll-free number, they’re told to purchase gift ...
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Odometer – the practice by the seller of a used vehicle of falsely representing the actual mileage of the vehicle to the buyer, by rolling back the odometer to make it appear that the vehicle has lower mileage than it actually does. [23] Overpayment; in parapsychology; Paper hanging, see § Check; Passport; Paternity
Purchasing a new car is a pretty straightforward affair. Buying used, however, requires you to do much more legwork to make sure you're getting a good car and a good deal — and that you're not...
Read Next: These 10 Used Cars Will Last Longer Than an Average New Vehicle. For You: 5 2025 SUVs the Middle Class Should Consider Buying. The FTC’s “Combating Auto Retail Scams” (CARS) rule ...
John M. McNamara (born 1940) [1] [2] is an American former businessman who was convicted of a Ponzi scheme fraud through gaining loans to a value of $6 billion from General Motors financing arm GMAC, to develop a $400M car sales and property development business.