In Mexico, selling a car is no longer the safe activity it might have been a few years ago, as crime has reached an industry with little regulation and a large market.
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So below we share five tips to avoid being a victim of fraud when you decide to sell your car.
- Verify payment method
Before delivering the original documentation of the car, it is very important that you verify with the bank that the payment has been made correctly. If the payment was by check, it is important that the buyer accompany you to the bank so that you can verify that the account has funds.
It is recommended that in this type of transaction the payment be through a bank transfer to the Interbank Electronic Payment System (SPEI), where the payment is credited immediately.
- Change ownership
As soon as the sale has been completed, you must complete the process of changing the owner. Since it is not done immediately, the car can be used for other purposes, and you could be involved for that fact.
- Check the identity of the buyer and the history of the car
It is recommended to request an official identification and compare it with another that has your full name and address. This is to verify that the data is reliable.
To find out if a car has a current theft or recovery report, you only need to identify the plates or NIV, in order to verify in the Public Vehicle Registry (Repuve).
- Take a test drive
A serious buyer will always worry about his safety, because he must know that the car is in conditions to be driven in the city or on the highway, so with a test drive he will know what his needs are and thus not risk his money. So you should be wary of buyers who want to close the deal without first taking a test drive.
In addition, you should also be wary of the buyer who for any reason does not attend the appointment and sends someone else to close the deal.
- You must be careful with the falsification of documents
Preferably, do not provide any scanned document to individuals, as they can be used to commit other types of crimes.