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-   -   Title scam when buying used cars (http://www.clubcobra.com/forums/all-cobra-talk/139164-title-scam-when-buying-used-cars.html)

joyridin' 08-20-2017 07:11 AM
Title scam when buying used cars
 
I thought I would post this in here because there always seems to be a post going on about buying a used Cobra. This was in the local paper. Considering how many times I have read on here about title problems, this seems like it would be pretty easy to pull off on a Cobra.

Watch out for car sellers who give you the title, then nullify it: Money Matters | cleveland.com

Ron61 08-20-2017 08:13 AM
That is an interesting and useful piece of information. Thanks for posting it.

Ron

cycleguy55 08-20-2017 02:32 PM
Quote:
Originally Posted by joyridin' (Post 1428591)
I thought I would post this in here because there always seems to be a post going on about buying a used Cobra. This was in the local paper. Considering how many times I have read on here about title problems, this seems like it would be pretty easy to pull off on a Cobra.

Watch out for car sellers who give you the title, then nullify it: Money Matters | cleveland.com
Good advice, in title regimes. Where I live (Saskatchewan, Canada), vehicle titles are a waste of good paper. Show up at a licensing office with a valid Bill of Sale and you're good to go. No title is necessary - they search the database for the VIN and, assuming it's not showing up as stolen or written off, they'll issue a registration in your name.

Jaydee 08-20-2017 05:44 PM
Here is another scam. A seller sells a car at a really good price. Then gets as high a deposit from as many people as possible. Tells them he needs the car for another week or so. Then gets the full price for the vehicle in cash if possible. He has their details, so he goes over and steals the car with spare keys, and gets the full price from another one of the people who paid a deposit with an arranged time just after he steals it and before it gets reported. Even if it got reported stolen the second guy wouldn't check anyway. Then he repeat the process as long as he thinks he can get away with it. The vehicle wasn't in his name in the first place so very hard to chase as he moves around the country. Hopefully no criminals reads this message.%/
JD


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