Stay Safe from Rental and Vehicle Sale Scams

Finding the perfect rental or vehicle can be exciting, but staying cautious is essential, as scammers often target rental seekers and car buyers. These fraudsters can be persuasive, using various ways to trick you into handing over money without getting anything in return.

Here's how to stay safe and protect your finances while searching for a new home or car:

  1. Rental Scam: Avoid landlords who refuse to meet in person. It's a red flag if they make excuses about not showing you the property and instead push for an online transaction. Only give money for a security deposit if you've seen the property and verified its legitimacy. Always visit rental units before making any payments. A legitimate landlord will understand your need to see the property first.
  2. Fraudulent Vehicle Sale: Be wary of sellers requesting a deposit for a vehicle without meeting in person. Scammers often use high pressure to rush you into making a decision. Only send money or personal information after verifying the transaction and ensuring the seller is legitimate. It's crucial to see the vehicle, take it for a test drive, and confirm the seller's identity before proceeding.

Scammers don't want you to have time to think about the transaction and get suspicious, so watch out for a strong sense of urgency from a seller. They often create a false sense of scarcity, claiming that there are other interested buyers to make you act quickly.

Remember, if it seems too good to be true, it probably is! Trust your instincts and take your time to verify the details. By staying cautious and doing your due diligence, you can protect yourself from these scams and make secure, informed decisions.

We're here to help! If you ever feel uncertain about a suspicious communication or potential fraud, reach out to our Contact Centre, book an appointment with your advisor, or stop by a branch to talk about it. Together, we can help our communities fight fraud!

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