Used car buyers are wary of potential scams, yet many are not taking proactive steps to protect themselves.
New research conducted by the Australian new and used car sales platform Carsales has revealed that Australian drivers are increasingly concerned about scammers exploiting their budget-conscious shopping habits. A significant 56 per cent of prospective used car buyers identified the risk of being scammed as their primary concern when making a purchase. However, despite this apprehension, 46 per cent of buyers admitted that they do not always verify the legitimacy of the seller before proceeding with a transaction. This discrepancy highlights a troubling trend in consumer behaviour, where fear of scams does not always translate into cautious purchasing practices.
The study also indicated that scammers are actively targeting the online used car market, with 59 per cent of sellers reporting contact from suspicious buyers. Additionally, 36 per cent of sellers expressed concerns that test drives could lead to theft or damage. Ryan Svaghi, Executive General Manager for Consumer Product and Design at Carsales, noted that scammers employ various tactics to catch buyers off guard. He advised potential buyers to be vigilant for red flags, such as sellers who refuse in-person inspections, requests for deposits before viewing the car, and inconsistencies in the seller’s claims. These tactics mirror those found in other retail sectors, underscoring the need for heightened awareness among consumers.
Categories: Scams in Used Car Market, Buyer Concerns and Precautions, Seller Experiences and Risks
Tags: Scammers, Buyers, Concerns, Purchases, Sellers, Inspections, Deposits, Tactics, Market, Vehicles