How to avoid falling victim to rising vehicle scams
South Africa’s biggest banks are warning customers about a marked increase in vehicle purchase scams. Criminals place adverts for fake vehicles online at hugely discounted prices to lure in buyers hunting for a great bargain.
Sameer Kumandan, Managing Director of SearchWorks, an innovative platform which allows consumers to perform live, accurate vehicle searches and valuations as well as company searches and property valuations, says South Africans are turning to online content for everything from comparing prices to doing more in-depth research, particularly when it comes to long term financial commitments such as buying a car.
According to reports, fake vehicle adverts are relatively sophisticated and usually include photos to match the vehicle description with contact details of th...