Some Red Flags You’re About to be Taken for a Ride
It’s summer boating season and some boat buyers and sellers are
getting ripped off, say’s Boat Owners Association of The United States (BoatUS).
The national boater advocacy, safety and services group outlined the
top boat selling scams reported to its Consumer Protection Bureau and
offers some ways to greatly improve your chance of a smooth sale or
purchase – and when to walk away.
A twist on the same for the electronic age: Recently PayPal has become a target for scammers. A phony buyer again asks to send substantially more than the asking price. Later, you get a fake confirmation email from PayPal with your user ID for more than the agreed purchase price – with instructions from the buyer advising you to send the extra money to a shipper. The scam can seem even more legit – if you refuse, you may receive additional fake email notices from PayPal threatening to close your account if you don’t transfer the extra money as per your “agreement.”
An escrow service scam: A bogus seller advertises a boat on a website at a low, but not scam-worthy price. When the scammer finds a buyer, they will tell them to use a legitimate sounding yet fictitious escrow service, like GoogleMoney.com. But once the funds are transferred, you’ll never hear from the seller again. It’s wise to use an escrow service for a long-distance purchase, but be very cautious with escrow services you’re not familiar with, and go with established providers such as eBay’s Escrow.com.
Email red flags that mean you may be taken for a ride: Poor grammar, spelling and language use; no phone number for the buyer/seller; generic references (ex. “merchandise”) to the boat being sold; changing names and locations in emails; a buyer who shows no interest in haggling over price or seeing the boat firsthand; a buyer or seller who has no interest in discussing titling or verifying the boat’s Hull Identification Number (HIN).
For a free buying and selling guide for boaters, go to www.BoatUS.com/consumer.