Five things you need to know before trading in online communities
Published 07/10/2010 | 05:00
1. When buying a car privately, be aware that you will not have the same rights or come-back as you would if buying from a dealer, so do your homework carefully and well.
2. Communicate: If you are buying, ensure you have a landline number and can speak to the seller.
Where possible, meet up in person to complete the sale, such as arranging to view the product at the seller's home.
If you are selling, be wary of someone who will only use email, and don't let someone test-drive your car alone.
3. Don't hand over money before you've seen the goods and check to make sure everything is working first. Be especially wary of goods advertised at prices that are unbelievably low.
4. Do not use money transfer as a payment method because you can't trace the person if something goes wrong.
If you have a car listed for sale, do not accept a bank draft or cheque for a greater amount and send the extra back if requested, as this could be the classic 'cheque overpayment scam'.
5. Do not click on a link that has been emailed to you if you don't know the source and avoid giving personal information over email.