ExAutoTrade is a company that became infamous for numerous cases of deceiving buyers who were looking to purchase cars. Scammers used a variety of clever schemes to trick people by offering non-existent cars at incredibly low prices. In this article, we will explain how they operated and what to watch out for to avoid falling victim to this scam.
Unrealistically Low Car Prices
One of the most common methods used by ExAutoTrade was advertising cars for sale at extremely low prices. These offers seemed too good to pass up and attracted the attention of buyers who hoped to save money. However, it turned out that the cars supposedly being sold did not even exist. The scammers used fake photos they copied from other websites and advertised cars at prices far below market value. Buyers would eagerly send money for a “deposit” or “reservation,” only to lose contact with the company afterward.
If an offer seems too good to be true, it probably is. Don’t rush to send money, and always verify the company’s information.
Impossible Cars and Fake Documents
ExAutoTrade created the illusion that the company had access to exclusive cars at reduced prices. However, all these cars were fictitious, and the documents provided to buyers were fake. The company promised to deliver cars, but instead, customers received only empty promises and vanished scammers.
Always check the authenticity of any documents you are provided. Legitimate companies will always ensure the legality of the deal and confirm all details.
Lack of Transparency and Fake Warranties
ExAutoTrade advertised its deals as “no red tape” and promised no hassle with customs or paperwork. This allowed them to conceal the absence of real documentation and reliable warranties. The company provided fake documents, such as invoices and contracts, created using basic software. These forgeries gave customers a false sense of security, prompting them to send money.
Never agree to deals without proper documentation. Any legitimate company will always provide you with all necessary paperwork.
Advance Payments Without Confirmation
ExAutoTrade actively used an advance payment scheme. Buyers were required to send money for a supposedly reserved car, with promises that the deal would be completed. However, after transferring the funds, buyers could no longer contact the company. The scammers simply disappeared, leaving them without money and without cars.
Be cautious with companies that demand advance payments without clear guarantees. Legal sellers will always ensure transparency and confirm the deal with documentation.
Fake Reviews to Create an Illusion of Trust
ExAutoTrade used fake positive reviews to build its reputation. The scammers posted reviews written by fake accounts or paid responses to convince customers of their reliability. These fake comments usually appeared on the company’s own websites or social media pages.
When choosing a company, always check reviews on independent platforms. If all the positive reviews are only on the official website, it’s suspicious.
Promises of Fast Delivery Without Execution
One of ExAutoTrade’s popular promises was ensuring fast delivery of cars. This sounded very appealing to buyers who wanted to receive their cars as soon as possible. However, after money was transferred, no delivery took place, and communication with the company was cut off.
Don’t trust promises of fast delivery, especially if they are not supported by documents or detailed information about the process.
Constantly Changing Websites and Domains
Once ExAutoTrade’s reputation was completely ruined, the company changed its domains and created new websites. This allowed the scammers to avoid responsibility for their actions and continue deceiving people.
Pay attention to the history of a website. If a company frequently changes its domains, it could be a sign of fraud. Check that the website has been around for a while and has positive reviews on independent platforms.
A Professional-Looking Website to Conceal Fraud
The ExAutoTrade website looked professional and appealing, designed to instill trust in potential customers. However, it was just a facade hiding fraudulent schemes. Once buyers transferred money, the company’s promises were not fulfilled.
Don’t rely solely on the appearance of a website. Verify the company’s information and operations through independent sources.
Contact Information for ExAutoTrade:
- Instagram: instagram.com/ex_trade_auto
- Instagram: instagram.com/ex_auto_trade
- Telegram: t.me/exautotrade
- Phones: +359 243 724 10 +359 87 754 5092
- Email: [email protected]
Conclusion
ExAutoTrade is a prime example of how scammers use fake offers, false reviews, and deceptive guarantees to trick buyers. Before making a purchase, always verify the company’s information, don’t trust too-good-to-be-true deals, and demand all the necessary documentation for the transaction.
To avoid fraud, always be cautious with advance payments, check all documents, and pay attention to reviews. Scammers often use enticing offers and well-designed websites to mislead you.
