Ouch! Gauteng woman suffers R64,000 loss to 'pre-auction sale' scam

The “pre-auction sale” scam is rife, with the fraudsters often using the names of well-known brands to inspire confidence in buyers such as Lerato.

“When made aware of such websites, we contact the registered domain owner or highlight the risk on the necessary platform. “The transition of consumers to online purchasing has unfortunately created new opportunities for criminals to take advantage of consumers.”Always go to the main website page and check the detailed url addresses;

Anyone buying a vehicle will need to be taken through a FICA onboarding and verification process as bona fide car dealers are not allowed to just accept cash into their bank account without understanding the source of the funds and the client who provided them.Experian’s Consumer Default Index for the first quarter of this year shows that increasing numbers of people are battling to keep up with their car repayments.

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