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The 419 Scam,
Advanced Fee Scam or 419 Nigerian Scam
The Used Car 419 Scam, Advanced Fee Scam or 419
Nigerian Scam has been around since the 1980’s and with everyone
using the internet now to buy and sell used cars, this scam is
stronger than ever.
 I
need to explain what the advanced fee scam or 419 Nigerian scam is
here because when you start buying and selling
cars on the internet then you will no doubt be approached by one
of these scum bags.
The 419 scam goes like this: You just found a great deal on a little
car you can fix up and turn for a solid $1500.00 profit. Cool. When
you’re done you decide to place a ‘For Sale’ ad somewhere on the
internet. It could be through your local newspaper, eBay, Craigs
List, etc.
Soon you start getting contacted via email, fax or phone by an “auto
broker representing a wealthy overseas client" that is looking for
a good car” and this auto broker has decided that he must have your
car for his client.
The “wealthy client” will usually be from Nigeria, United Arab
Emirates, South America, London or Israel. The 419 scam is not
limited to just these countries, although these are the most common.
If your car is selling for $5000.00 (or whatever), the so called “auto
broker” will tell you that they will pay full price for your car
and all you have to do is to send them your contact information and
they will immediately send you a cashiers check.
The cashiers check will look real and will be for several thousand
dollars MORE than what you were asking for your car!
The 419 scam sleazebags are counting on you to immediately deposit
their “cashiers check” in your bank account.
You being the honest Joe that you are will contact them after
getting their check that is for $8000.00 ($5000 plus the $3000 that
they “over-paid” you) and they will apologize profusely saying that
"my bookkeeper must have made a mistake and would you please send me
a cashiers check for the $3000.00 that I over-paid you right away?”
They never wanted your car! They are hoping you will send them a
REAL cashiers check for the $3000.00 "overage" while the bogus
cashiers check they sent you is waiting to clear at your bank...and
of course it never will.
Of course their check will never clear because its fake but now they
will have your $3000.00!
You are on your own because the FBI has pretty much stopped dealing with the used car 419 scam
because it usually originates in countries where the governments are
involved in this scam.
Here are rules for avoiding the used car 419 scam:
:: Don't extend credit for any reason.
:: Don't pay for anything
up front for ANY reason.
:: Never send them anything until their check clears at your bank.
:: Don't rely on your Government to bail you out. They are
powerless.
:: Don't expect help from the governments where these
emails or phone calls originate because they are in on the 419 scam
themselves.
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