Tips to help you spot scams before they bite you!

Lebo Gaoaketse talks to Wendy Knowler and Dion Sagathevan who share their expertise to help you avoid fraudster's tactics. From fake vehicle auctions, accident damage that’s been covered up, to identity theft and more. Here are some tips and red flags to look out for.
02:17 Be wary if the price is too good to be true
04:45 Looking at vehicle auction scams
05:57 Guarding against auction scams
10:37 The proper process for vehicle auctions
11:26 Cloned websites
14:34 Realistic prices at an auction
15:40 Red flags at a used car dealership
20:08 Doing research on the car beforehand
22:39 Things to check on an auction car
28:13 Asking about accident damage at a dealership
29:42 Check the service book and other telling signs
31:07 Protecting personal information
35:28 Searching for a car online & online auctions
39:04 If you’ve been scammed, share your experience to warn others
40:41 Personalisation fraud and AI
41:59 Vehicle identity cloning
45:15 Changing technology and how it helps scammers
(The information in this video does not constitute financial advice and is not to be acted on as such)
#Scam #UsedCar #CarBuyingTips #CarScams #VehicleInspection #UsedCarBuying #VehicleAuction