Resources and Guides - Securing Knowledge
Despite the excitement that often accompanies a car purchase, many people dread the prospect of shopping for a car. You may worry about buying a car with hidden problems. You may not feel comfortable negotiating the price. You may wonder if a car dealer is taking advantage of you.
Learning to recognize the most common scams can help you protect yourself. When you begin shopping for a car, be sure to steer clear of these hazards:
Title washing. After a car has been totaled, many states require the vehicle to be branded as “salvage” or “rebuilt” on its title. This significantly decreases the value of the vehicle. Title washing scams remove the “salvage” status from the title of a car through title registration in a state that does not require branding of vehicles after a total loss claim. To avoid purchasing a “salvage” or “rebuilt” vehicle without being aware of its status, use a reputable vehicle history source such as CARFAX or AutoCheck.
Bait and switch. Be wary of a dealership advertising unusually low interest rates. Oftentimes, buyers are lured into a dealership by attractive rates and then informed that those rates are no longer available; next, the dealer may attempt to sell the vehicle at a higher interest rate. Avoid this trap by leaving the dealership if it fails to honor an advertised offer.
Deal is good for one day only. Dealers hate to see potential buyers leave the lot, especially once price negotiations begin. To discourage customers from shopping around, dealers may claim the price is only good for one day. Oftentimes, this is not true. Offers may only be good for one day when a dealer’s rebate is expiring – usually on the last day of a given month – otherwise, be skeptical. This is most likely just a strategy to pressure you into closing the sale.
The car and seller are in different places. While this does not necessarily signify a scam, err on the side of caution. Scammers may make up a story about having to relocate for work or pretend that they are in the military and stationed elsewhere. A car that cannot be seen cannot be inspected for problems. Never commit to buy a car unless you or someone you trust sees it first.
U.S. Security Associates (USA) is one of North America's largest security companies, with 160 locally-responsive offices providing premier national security services and global consulting and investigations to customers in a range of industries. Recognized for world class customer service, leading-edge technology, and an enterprise approach to risk management, USA offers optimized security solutions to meet specific customer needs. USA is committed to building quality security and risk management programs that are Safe. Secure. Friendly.® The Securing Knowledge series is part of the extensive and growing library of reference and training tools that contribute to USA's award-winning customer service and benchmark security programs. USA's investment in training and development resources is reflected not only by BEST Awards from the American Society for Training & Development, consistent ranking on the Training magazine Top 125, and technology-driven quality management system, but also by the company's leadership team, security officers, and service excellence on a daily basis.