Fraud Alert: Vehicle "Purchase Protection" Plans


Question

Fraud Alert: Vehicle "Purchase Protection" Plans

I inquired about a vehicle for sale online, and the seller is telling me that Edmunds will oversee the transaction. Is this a scam?

Answer

Edmunds does NOT provide "purchase protection" plans or other escrow-type services for private party vehicle sales -- i.e. holding the buyer's payment until the vehicle is delivered. If you see anyone asking you to send money to "Edmunds Protection Vault" or "Edmunds Autos," for example, it is a fraudulent use of our name.

Please report any such activity directly to the FBI for investigation; you can do this through their Internet Crime Complaint Center at http://www.ic3.gov/complaint/default.aspx.

It is also helpful to make a report to the site that hosted the vehicle listing so that they can have it removed:

Finally, we encourage you to read our article Online Car-Buying Fraud for additional tips and suggestions.


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Comments

  • th7 th7 Posts:

    I just received an email attempting to catch me with this SCAM. I have been looking for a used Highlander on Crags List, and I recieved an email thanking me for my inquiry about a 2001 Highlander. The seller claims to be deployed with the Navy and the transaction can be completed through Edmonds at www.edmunds-buysell- protection.com/used-vehicle-purchase-protection which takes me to http://auto-edmunds-buy-sell.comeze.com/ which is all set up to look like Edmonds.

  • Thank you for your comment, th7. We have reported the fraudulent website you noted to the website hosting company, and they have now removed it.

  • mexflex mexflex Posts:

    I just had the same experience as th7 posted for a 2002 Toyota RAV4 listed on Cars.com. The person stated they were in the Navy and provided the same Edmunds site/link guidance. Pretty scary stuff!...

  • jfur1960 jfur1960 Posts:

    Have been looking for an older Acura. Found one on Yahoo Autos. The person finally contacted me and its seems they are going thru a 3rd Party (Edmunds Storage Vaults), due to her husbands health. I believe this to be a scam. The picture of the car in the add was silver and when the lady sent more info and attached pictures the car was navy blue or black. She gave me the link to the company and it is asking to send the agrred upon amount to be paid and they will ship the car. Then you have 5 days to decide whether you want to keep it. Really!!!

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