Police warning if you are thinking of buying a vehicle online
Are you thinking about buying a vehicle online? If yes, the police want you to be aware that fraudsters and scammers work online.
What you need to know:
Fraudsters have been advertising vehicles and machinery for sale on various online selling platforms. This includes vehicles and machinery used by the agricultural industry.
The victims, after communicating via email with the fraudster, will receive a bogus email which appears to be sent by a trustworthy third party, often PayPal or Escrow.
The emails are designed to persuade victims to pay upfront via bank transfer rather than through a protected payment method via the website. The victim pays the deposit before visiting the seller to collect the goods, believing there is a ‘cooling off’ period to reclaim the payment if they change their mind.
This gives victims the false sense of security that their money is being looked after by this trustworthy third party, when in fact, it is not and their money has gone straight to the fraudster.
It is vital that the public exercise caution when receiving emails of messages of this nature.
What you need to do:
- Never transfer money for a vehicle you haven’t seen in person.
- Avoid paying for the vehicle by bank transfer as it offers you little protection if you become a victim of fraud. Instead, use a credit card or payment services such as PayPal.
- If you’re purchasing from a company or person you don’t know or trust, carry out some research first, or ask friends and family for advice before completing a purchase.
Covéa Insurance is the UK underwriting business of the leading French mutual insurance Group Covéa and offers competitively-priced household and motor insurance, along with a range of commercial insurance products designed to meet the needs of most businesses, through a nationwide network of intermediaries. Regional distribution teams based in 9 regional offices offer brokers and insurance intermediaries direct access to senior underwriters. Covéa Insurance handles the insurance needs of over 1 million policyholders.
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