zzdcar
Home
/
Reviews
/
Buying
/
What's The Best Way To Spot A Scam Sale?
What's The Best Way To Spot A Scam Sale?-October 2024
2024-02-19 EST 22:09:35

Image for article titled What's The Best Way To Spot A Scam Sale?

As Jalopnik’s resident car buying expert and professional car shopper, I get emails. Lots of emails. I’ve decided to pick a few questions and try to help out. This week we are discussing spotting online car scams and buying a car at the end of the lease.

“I was wondering if you’ve ever come across something like this before. I saw a listing for a 1985 Toyota Land Cruiser listed for sale for $2,100 on FB Marketplace. I reached out to the owner as per the instructions provided in the FB

It seems absolutely too good to be true. I’ve Googled the VIN and found three prior listings that seem a bit suspect.

My sense is that it is a scam because the prices for comparable vehicles easily reach 5 figures. At $2,100 most guys like me wouldn’t hesitate to spend that much on such a desirable vehicle without doing appropriate due diligence, so taking people’s money and failing to deliver a vehicle (or, the vehicle as advertised) would be pretty easy.

Should I go with my gut and just move on, or is it worth reaching out?”

The old saying about things that seem to be good to be true still stands. If your gut says it’s a scam it’s probably a scam. There are a few key pieces of information that should raise red flags when it comes to online listings. Generally speaking, if the price is drastically lower than similar cars on the market, there is something suspicious. Legit sellers aren’t going to leave money on the table. The fact that the ad looks like it was replicated from elsewhere is another flag.

I would suggest you move on, but if you are absolutely curious to get the scoop I would contact the seller. Ask for a picture of the title and explain that you want to have it inspected by a local mechanic at your expense. See if they would be willing to take it somewhere. If they are trying to scam you, they probably won’t respond.

Next, does it ever make sense to buy the car at the end of the lease?

“When, if ever, does it make sense to buy out your car at the end of a lease? And, if so, any advice on how to negotiate a lower buyout?

My particular situation is a lease that’s ending on an Audi A4 that’s waaaay under mileage (thank you COVID19; like 24,000 miles of the 36,000) that I “paid for.” Turning the vehicle in feels like leaving money on the table.

Buying your car at the end of the lease could be a good way to go depending on a few variables. First, can you buy a similar car with similar miles on the market for less? If not then buying out your lease, which is essentially buying a used car, albeit one you took care of, could be the way to go. As for negotiating a lower buyout, some brands are more flexible on this than others. You would want to contact the leasing company to see what is possible.

Another option if you don’t want to keep your car but suspect you may have some equity is to get some offers on a trade-in from local dealers, or online outfits like Carvana and Vroom. They may offer a price that is greater than your lease buyout, giving you some cash to play with on your next purchase or lease.

Got a car buying conundrum that you need some assistance with? Email me at [email protected]!

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Buying
At $8,600, Would You Go Topless In This 1994 Cadillac Eldorado?
At $8,600, Would You Go Topless In This 1994 Cadillac Eldorado?
The seller of today’s Caddy claims they should be selling it at auction but says who’s got time for that? Let’s see if we have the time for this custom convertible at its non-auction price. Many of you agreed that the $950 asked for yesterday’s was “chump change.” Even...
Oct 22, 2024
At $950, Would You Go All-In On This 1984 Plymouth Colt GTS Turbo Project?
At $950, Would You Go All-In On This 1984 Plymouth Colt GTS Turbo Project?
One of the calling cards of today’s Plymouth Colt is its “Twin Stick” overdrive gear change, which gives the car eight speeds going forward and two in reverse. Let’s see if this project car has anything else to offer. Just as Goldilocks discovered when appropriating Papa Bear’s lifestyle and...
Oct 22, 2024
Someone Willingly Paid $16,000 For A Maserati Ghibli On Cars & Bids. Don’t Make The Same Mistake
Someone Willingly Paid $16,000 For A Maserati Ghibli On Cars & Bids. Don’t Make The Same Mistake
Let’s cut right to the chase: buying a is not a good idea unless you have deep enough pockets for the upkeep. For those not in the know, they’re sirens. They draw you in with their premium Italian image and sweet songs of and then go in for the...
Oct 22, 2024
Which One Of You Suckers Is Going To Pay Over $32,000 For A 25-Year-Old Toyota 4Runner
Which One Of You Suckers Is Going To Pay Over $32,000 For A 25-Year-Old Toyota 4Runner
The (and Tacoma) have a death grip on used values. It’s been this way for years. Go ahead, go try and buy any TRD trim that’s a couple of years old; it’ll cost you as much as a new one — not that you could buy a new one...
Oct 22, 2024
At $18,500, Would You Lean Toward Buying This 2022 Ford Mustang?
At $18,500, Would You Lean Toward Buying This 2022 Ford Mustang?
Today’s Mustang is being sold by a towing yard, which means it’s probably a lien sale. Let’s see if this clean title convertible is priced to put a new buyer on the hook. The general consensus on last Friday’s was that it would be the perfect car for someone...
Oct 22, 2024
At $5,900, Is This 1984 Nissan 720 4X4 A Solid Deal?
At $5,900, Is This 1984 Nissan 720 4X4 A Solid Deal?
According to its seller, today’s Nissan 4X4 shows “pride of ownership.” Let’s see if it would take swallowing one’s pride to pay its asking price. Opinions were split on how well the design of yesterday’s has held up over the years. Some of you commented that the design still...
Oct 22, 2024
Copyright 2023-2024 - www.zzdcar.com All Rights Reserved