Buying a vehicle with your tax refund? Be wary of scammers

It’s tax season and many people are looking to use their refund money to purchase a new vehicle. There are scammers out there running rampant right now because they know this is the time of year that people are going to want to purchase a vehicle. People often get too excited about the purchase to note any red flags that come with the sale of the vehicle. There are some tips to remember when purchasing a vehicle and the most important one is to make sure that you are purchasing from a licensed dealer.

Key Takeaways:

  • If you want to use your tax rebate to purchase a car, you should be on the lookout for sellers trying to rip you off.
  • Be wary of sellers who operate without the proper certifications, since any future legal recourse may be difficult to prove.
  • When budgeting for a car, don’t leave out miscellaneous costs like insurance, gas, maintenance, and parking.

“Remember, licensed dealers are required to disclose that they are a dealer in all forms of advertising, including social media such as Craigslist, by including either their business name or license number.”

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