soemthing like a 2013 lexus for $1200 or a 2012 civic for $1000 .Too cheap by today’s standards, or those of two years ago?
Case in point...a neighbor had a Subaru that needed a lot of work, it barely ran and drove. He couldn’t get the $500 he felt it was worth in late 2019, so he kept it and invested a small amount of cash to make it pass inspection. I think he put $400 into it.
He sold it last week for $3500 to the first person who called him. No haggling, that was his asking price.
To someone who doesn’t realize that the seller may be out of touch with the current market, that same vehicle appearing back for $500 or $1000 may seem too good to be true.
Or just forget about FB.I'd say just forget about buying a car on FB.
Yep. When I was trying to find a used boat I ran across this. What would typically happen is, when I contacted the seller on FB messenger and asked some questions, the response would come back something like "I don't own the boat, I listed it for a friend/relative who doesn't have a FB account, he can be contacted at ... (an outside email address)", an immediate red flag. After several of these I gave-up on FB Marketplace. It is as infested with scammers as CL was before they started charging for vehicle listings. CL still has some scammers in the vehicle sections, but they are much less prominent now. Boat listings are still free on CL and the scammers are still very active, many of them have moved from cars/trucks to boats.The scam posts will always direct you to a email address, rather than using the Facebook (or craigslist) messenging capabilities.
That's become quite annoying. Looking for later models needing work in the $1000-$2000 range and wasting time clicking on ads for $1,000 cars that in the description say, $1000 DOWN.Some super cheap cars will be a used car lot using the down payment price as the listing price.
Their goal is to get you to send them money. Deposit or whatever. I sold a motohome to a lady that had lost $18k on one of those ads for the Mercedes diesel class C motorhomes. It was way below market value. They wanted half now and the rest when they delivered the MH. They were nice people and I felt sorry for them. They got a good deal from me as I only wanted loan payoff for it.i check out FB marketplace every once in while. the last few months i ahve seen a lot of vehicles that are posted at a cheap price. too cheap to be real. So what is the scam on these .
I have to admit that I fell for the Honda generator. I figured it was worth $100 to see what they would send. Total scam. PayPal wouldn't investigate unless I reported it to the Feds. My bank finally refunded my money. And FB gets mad at us for reporting it??As far as transactions, I think it's best to avoid Facebook. A few weeks ago, there was a Facebook posting advertising Honda portable generators for $89 with free shipping. Obviously a scam, right? A person I know posted on the comments that it was too good to be true and that it was a scam. Facebook came down hard on him and told him that any more postings like that would get his account yanked because he was scaring away their viewers. I guess the Facebook admin doesn't care about people getting ripped off or their employees are too stupid to know a scam.
Here's an example from me. A local Ford dealership advertised on Facebook and wanted people to post a photo of their Ford. The ad didn't say "Ford car" or "Ford truck", it just said post a photo of your Ford. Humorously, I posted this. It got flagged and I got a message from Facebook saying that I was in danger of getting banned. Seriously? I guess their computer algorithms kicked into high gear. I protested to FB, and again they said it was against their policies and anything more on the subject would again get me banned.
I'd say just forget about buying a car on FB.
Never heard that they will finance. Probably a dealer.Many times sleazy curbstoners will put the down payment as the price.