Car insurance: Used vehicle sellers warned of scam

Thursday, 28 May 2009

People who are getting car insurance quotes for a new motor at the moment because they are planning to sell their current auto have been warned to be wary of a scam.

The Office of Fair Trading explained more than 1,600 individuals have complained to Consumer Direct about a vehicle matching con.

Sellers are approached by fraudsters offering to put them in touch with a definite buyer.

However, victims are required to pay a matcher's fee up front and in many cases they are never introduced to a person looking to buy their car.

Generally, sellers are contacted by a cold caller after placing an advert in a newspaper or on a website.

Peter Stratton from the Trading Standards Institute said work was being done to protect people.

However, he added: "High pressure selling alongside cold calling makes this a very successful scam, often leaving the consumer with very little chance of obtaining redress."

In 2008, Consumer Direct received in excess of 68,000 complaints from used car buyers.

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