Rumson, NJ -- (SBWIRE) -- 04/08/2011 -- As online shopping for automotives has become more prevalent so has the risk for fraud. Although scammers continue to develop new ways to hoodwink unsuspecting buyers and sellers, One Stop Motors has some tips for how to avoid such tactics. By revealing the most common scams, online customers will be better prepared to protect themselves. By simply using common sense and following a few easy steps One Stop Motors users can shop with confidence.

One Stop Motors: Scams To Lookout For

One of the most common scams is the “Price Too Good To Be True” scam. Typically if a vehicle is listed for a lot less than it’s worth, that should raise a red flag. In these scams, the ‘seller’ says they are out of the country and will ship the vehicle once they receive the money, through a wire transfer or bank-to-bank transaction. However, once they have the money they break all contact close their account and are never heard from again. When possible its always better to try and purchase from more localized sellers. Also shoppers should never ever wire money directly to a seller.

Another scam to watch out for, especially if you are the seller is the “Overpayment” scam. The buyer will offer to send a cashier’s check plus additional money for shipping or extra costs, but once the money has been sent they cease contact and you are left with the vehicle, a fraudulent check, and having to cover the missing funds. One Stop Motors warns users to never ever accept a check for more than the value of the vehicle.

Fake Escrow Companies are also something shoppers and buyers should be aware of. Really research a company before entrusting them with your money. Visit their website and carefully inspect it, make a phone call, and even send an email to ensure that they are legitimate and accredited. If it seems suspicious, trust your gut. Also, be wary when a ‘seller’ pushes for you to use a specific company.

One Stop Motors encourages all sellers and buyers to trust their instincts and do their research before ever exchanging money or beginning a transaction.

One Stop Motors is one of the leading pioneers of online "For Sale by Owner" services. Their experienced and customer-centric approach makes buying, selling, and financing vehicles of any kind easy. If you’re looking for a used car, airplane, boat, or motorsport vehicles for sale why not browse One Stop Motors’ website or send an email to their customer service department, available Monday through Friday at customerservice@onestopmotors.com.

For more information about how to avoid scams and fruad visit their website http://www.onestopmotors.com/ or call 877-566-6686 today.

About One Stop Motors
One Stop Motors specializes in the sale of used cars online. The company offers value added tools for used car sellers and buyers such as shipping, financing, extended warranties, insurance, marketing and advertising support for sellers and fraud protection.

Contact:
One Stop Motors
877-566-6686
customerservice@onestopmotors.com
http://www.onestopmotors.com/