CLWNC: Be Wary Of Fraud When Buying A Car With Limited Credit History
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  • CLWNC: Be Wary Of Fraud When Buying A Car With Limited Credit History

    (EMAILWIRE.COM, January 04, 2012 ) Wilmington, NC -- There are criminals in every aspect of life. Most prey on those who are in a bad situation to begin with. Fraud in auto sales is more common than many people think. Fortunately, one of the few benefits of needing a bad credit auto loans is that consumers are a little bit more protected from vehicle fraud. Despite that extra protection, consumers need to be wary.

    If a consumer needs a no credit auto loan, they normally would need to finance through a reputable dealer, but, occasionally, buyers look to the internet. Many people think that buying a a car off the internet is a way to get a better price. It can be, but shoppers have to be wary of too good a deal. Every time a consumer runs across a car that they are interested in, they must check a reputable site like kbb.com or nadaguides.com to see if the asking price is way off. If it is, they should move to the next car,n as the one they are looking at may be stolen or just doesn't exist. Either way, they will lose their money, as well as the vehicle.

    ''Consumers need to exercise sound judgment when buying used vehicles from private parties or online services,'' said Joe Wehrle, president and chief executive officer of the National Insurance Crime Bureau. ''An innocent purchaser may be out thousands of dollars as a result of this transaction. So, if in doubt, check it out carefully before handing over the cash.''

    The best way to protect oneself from a fraudulent vehicle transaction is to buy from a reputable dealer with a location that can be visited in person. Never send cash to an internet seller. If buying over the web, visit the vehicle in person before paying.

    About CarLoanWithNoCredit.com:

    CarLoanWithNoCredit.com enables consumers with little credit history, such as students and first time car buyers, to get approved for auto loans with no credit from reputable lenders and dealerships.

    Car Loan With No Credit
    PR Dept
    9102086761
    contact@carloanwithnocredit.com

    Source: EmailWire.com

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