Lloyds Bank has recorded a 74% rise in the number of reports of vehicle scams so far this year
Owners of Ford Fiesta, BMW and Audi cars have been warned over the scale vehicle-related scams. , reports the Liverpool Echo.
Motorbikes and classic cars have also been cropping up regularly. There is also a thriving trade in fake ads for parts and accessories, such as alloy wheels.Vans are also often popular because people are seeking cheap models to be converted in campervans. The findings were based on analysis of scams reported by Lloyds Banking Group customers during between January and June 2023.
Liz Ziegler, fraud prevention director at Lloyds Bank, said: "Buying directly from approved dealers is the best way to guarantee you’re paying for a genuine vehicle, and always use your debit or credit card for maximum safety. If you do want to buy something you’ve found through social media, only transfer funds once the car is in your possession."
When a potential buyer responds, they will often be asked to make a deposit to “secure” the car, or even sometimes to pay the full amount, alongside excuses as to why the car cannot be physically viewed ahead of the payment being made. The fraudster will often apply pressure-selling tactics, telling the buyer the car is very popular, that they have several other offers, or that the payment must be made by a certain deadline and victims may be tricked into sending money via bank transfer.
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