MoneyConsumerDont Waste Your Money


Scammers targeting car buyers on buy/sell app LetGo

Posted at 4:10 PM, Apr 06, 2017

Ricardo Sebastian still has a bookmark on his phone of the shiny red Toyota pickup he thought he would be driving by now. Instead of having a new ride, however, he has lost more than $1,000, hit by the newest car selling scam.

Sebastian found the 2002 Tacoma onthe LetGo app.
LetGo is one of the newest ways to buy and sell merchandise, along with Facebook Marketplace and Wallapop (which is now affiliated with LetGo in the US.)

They are much more mobile phone-friendly than Craigslist.

"The pickup looked really nice and had a great price on it of $1,500," he said, as it was half the Kelly Blue Book value.

While these new services are more professional looking than Craigslist, hundreds of reports are popping up from scammers using these new buying and selling apps to post non-existent items for sale.

Most correspondence is done by text or Gmail accounts, making it easy for sellers to disguise who they are.

Sebastian says the seller claimed she was a "widow" trying to unload her husband's truck at a bargain price.

"I texted her back, and asked why so cheap? She said her husband had died and she just wanted to get rid of it, because it had a lot of painful memories. So I said OK," Sebastian said.

The woman told himAmazon would be handling the transaction."She told me to go buy Amazon gift cards, and I went and bought 3 Amazon cards for $500 each, and sent them to her," Sebastian said.

At that point, she was supposed to arrange for delivery,  But that was the last Sebastian heard from her. Further texts and emails to her number went unanswered, and when we emailed her at the address in the ad, no one responded.

Warning signs of a scam

If the car is listed at half the price (or less) of what you'd  pay at a local used car lot, there is a good chance it is a phony ad. Even if there are lots of photos of the car, they may be copied from a legitimate used car ad, then re-posted at a much lower price.

Other tips to keep in mind:

  • Beware used cars well below Blue Book value.    
  • Beware cars that you can't see in person (because a husband just died, or a son was deployed to Afghanistan, etc)
  • Beware sellers who want a deposit by Western Union or untraceable gift cards. You will never see that money again.

LetGo says it successfully has handled millions of secure transactions, but like other trading sites, it is a frequent target of scammers, and issues a warning for users on its site.

LetGo says to "be wary of users who are unable or refuse to meet face-to-face to complete a transaction, those who ask you to mail payment for an item. Don't send payment to someone you haven't met in person, and don't buy something without seeing it first."

Sebastian emailed Amazon for help, but says "they informed me that Amazon doesn't ship cars, and that it was all a scam." Amazon says it's difficult for the company to reverse gift card payments. Typically, when the money is gone it is gone forever.

As for the bogus 2002 Toyota Tacoma pickup for $1,500, it's still for sale on the LetGo app, in almost a dozen different locations, from a dozen different sellers.


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