Selling a used motorcycle? Avoid these three scams

Whether or if your motorcycle is your pride and pleasure, selling it will always cause you anxiety. You’ll want to make certain that you’re receiving the finest value for your money before parting with a machine. Although there are many sincere buyers out there for your bike, like any sale used motorcycle, there is always the chance of falling victim to a con artist. Due to its high value, fraudsters frequently target sellers in order to take advantage of them and profit more. Fortunately for you, we’ve observed fraudsters like these at work and have identified a few strategies they frequently employ. To assist you avoid engaging with them, let’s delve into these people’s heads.

What type of people are targeted by scammers?

Whether or if your motorcycle is your pride and pleasure, when you sell bike, it will always cause you anxiety. You’ll want to make certain that you’re receiving the best value for your money before parting with a machine. Although there are many sincere buyers out there for your bike, like any sale, there is always the chance of falling victim to a con artist. Due to its high value, fraudsters frequently target sellers in order to take advantage of them and profit more. Fortunately for you, we’ve observed fraudsters like this at work and have identified a few strategies they frequently employ. To help you avoid engaging with them, let’s delve into these people’s heads.

Scams: what are the most common ones?

Nowadays, the automotive industry is overrun by several types of fraud. Every other day, new scams of all types emerge.

Marketplace fraud

As was already noted, a growing portion of the auto sector is shifting online. The development of online marketplaces like eBay, Craigslist, Gumtree, and even Facebook has encouraged more car owners to sell their automobiles on their own.

The majority of scams that take place on these websites and platforms involve customers claiming they will pay money “as soon as they get paid” or that they are “waiting for x to pay them in an hour” and will return to pay you. They may even claim that a friend will pay more than you are asking for. that you should forward the difference to the customer’s account. The deal will fail, but you won’t lose the vehicle or your money if you pay the difference.

Fraudulent email addresses

Everybody has experienced receiving a phoney email at some point, but unless you know what to look for, it can often be difficult to distinguish between legitimate and fraudulent emails.

Before you give over your vehicle, make sure all the payment confirmations are from legitimate payment providers, such as PayPal. You don’t want to check your bank account later and discover you’ve been scammed since someone else. Now has your car and you received nothing in exchange. Even if you find the buyer, it’s unlikely that your car will still be in their care or even be in the same nation.

Don’t fall victim to stolen swaps

Have you said in your advertisement that you would be open to trading your Bike for something else?

Do your homework first, though, before becoming too enthused. Although many people are more than willing to exchange their cars for anything else, the most important question you should ask is why? Why do they want to exchange? Get additional information from them about why they want to trade before accepting their offer. Since people frequently offer their vehicles for trade at a quick pace. Especially if the specifications are significantly greater than those of the vehicle you are selling.

Here are some tips on avoiding scams

No matter how much is being given, it is wise to proceed with each deal cautiously. Don’t be hesitant to decline an offer if anything doesn’t feel right. And if you have any doubts, always get clarification from the buyer. A simple google of the email address the receipt is issued from should be able to assist you in assessing the reliability. Make sure every payment confirmation email you get is from a reliable source.

Never sell your car before you have the funds in your bank account. Don’t let con artists take advantage of your kindness by tricking you into thinking that your payment would soon arrive.

Finally, you may always utilize a trustworthy company like We Want Your Motorbike. We are entirely upfront from the start, and our extensive knowledge in purchasing used motorcycles makes us reliable buyers as well as sellers.