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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 ...
Website. carfax.com. CARFAX, Inc. is an American company that provides vehicle data to individuals and businesses. Its most well-known product is the CARFAX Vehicle History Report. [1] Their other products include vehicle listings, car valuation, and buying and maintenance advice. [2]
A pre-purchase inspection is an independent, third-party professional service that evaluates a vehicle’s condition before a purchase offer is made. Consumer protection organizations such as the Federal Trade Commission, [1] the American Bar Association, [2] insurance companies, and states recommend an independent pre-purchase inspection.
Automotive warranty. An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [1] This warranty is most often an important aspect of purchasing vehicles since it provides buyers with ...
Here are the details of each option for buying a used car that hasn’t been paid off: 1. Ask the Seller to Pay Off the Car Loan. One option to consider is asking the seller to pay off the amount ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
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Vehicle Theft Protection Program is an educational initiative in North America started by the National Insurance Crime Bureau (NICB) and LoJack Corporation designed to help owners of cars, motorcycles, construction equipment and commercial vehicles better understand how to protect their assets from theft. The two theft prevention organizations ...