Description:
Learn essential tips to protect yourself when buying a vehicle and avoid falling victim to scams. In this episode, we cover:

• Fake Auto Sellers:
  • Scammers pretending to sell cars online may ask for payment upfront or even show you a physical car, but they are not licensed dealers.
  • Always verify the legitimacy of the seller—either as a private owner or a licensed dealer.
• Private Party Purchases:
  • Check the name on the vehicle title matches the seller.
  • Avoid third-party sellers or those flipping cars without proper title reassignment.
  • Vehicle titles cannot be reassigned directly; sellers must obtain a new title in their name before selling.
• Unlicensed Dealers:
  • Watch out for "fly-by-night" dealers pretending to be legitimate but lacking a valid dealer license.
  • Verify the dealership's name and address with your state’s Licensing Bureau.
• Red Flags:
  • Companies flipping cars or selling vehicles bought at auctions without a dealer license.
  • Scams involving fake dealerships selling stolen vehicles, as seen in a case where a couple in Oregon lost $45,000.
• Licensed Dealer Transactions:
  • Licensed dealers are required to address title issues and are backed by bonds to protect buyers.
  • Ensure the dealer shows you the title before making any payment.

Key Takeaways:

• Always buy from the person whose name is printed on the title or a licensed dealer.
• Verify dealership licenses and ask to see the title to avoid scams.
• Protect your hard-earned money by staying informed and vigilant.

Additional Resources:

• Explore related topics and videos on our channel for more insights on buying vehicles safely and resolving title issues.