Buying a used car? Be careful about wiring money to pay for the car.
Online scammers use this trick and get away with it: they tell potential buyers to wire money for a car, and the car never shows up.
Unfortunately, it's not easy to get money back after you wired it. Banks aren't in the business of playing referee on business deals - they just handle money. You can file complaints and police reports, but the chances of getting your money back are slim.
About.com's expert on Used Cars highlighted a recent used car scam in New York. He also provides useful tips on how to collect when selling a car.
Whether buying or selling, keep an eye out for common banking scams.
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