Unfortunately, over the past five years Hagerty has seen a substantial increase in reports of online scams and fake sales in the collector vehicle industry. Would-be buyers are potentially losing a lot of money, and we want to make sure you know how to identify these scams so you can help your clients avoid them.
Here’s how they work: Fraudsters create legitimate-looking classic car dealership websites, where they re-post collector car listings they’ve stolen from other websites. In other words, the cars that are supposedly for sale on these fraudulent websites are real, but they aren’t available from these fake businesses. That means that bogus listings likely include real photos, information, and even actual VIN numbers. That makes spotting scams more difficult than ever.
So next time an enthusiast client comes to you about a new purchase, here are Hagerty’s top tips for helping them ensure the vehicle they’re about to buy is legitimate:
At Hagerty, we believe everyone deserves to buy collector cars with confidence. We hope this information, along with our tips, helps make the process easier, safer, and more fun for your clients.
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