ExAutoTrade — Fraud in the World of Car Trade

Introduction

In recent years, the car trading market has been rapidly evolving, offering customers various opportunities for profitable deals. However, among the many companies, there are those that engage in fraudulent schemes. One such organization, according to numerous clients, is ExAutoTrade (exautot.com).

Main Fraudulent Schemes

According to reviews and investigations, ExAutoTrade employs dishonest business practices. Their main scheme involves the following:

  • Collecting Advance Payments: Clients are required to make significant payments upfront for a promised “profitable” car purchase.
  • Providing False Information: Instead of delivering high-quality cars as promised, they provide damaged vehicles or falsify data about the car’s condition.
  • Disappearing: After receiving the money, the company may cut off all communication, leaving the client without a car or compensation.

Frequent Changes of Domains and Websites

One of the most alarming traits of the company is its frequent changes of websites and domain names. This tactic allows ExAutoTrade to avoid responsibility for their actions and makes it harder to track their fraudulent activities.

Many clients report that after the first payment, the company’s phone numbers are disconnected, and representatives stop responding.

Lack of Transparency and Hidden Charges

Another issue associated with ExAutoTrade is the complete lack of transparency in their transactions. Customers frequently report:

  • Vague purchasing conditions that only become clear after the advance payment is made.
  • Hidden fees that are not disclosed upfront.

Consequences for Clients

Many buyers end up with significant repair costs for cars purchased through ExAutoTrade. Furthermore, the company manages to evade accountability due to its deceptive practices and constantly changing contact information.

Conclusion

ExAutoTrade is a glaring example of a company that violates all standards of honest trade. Potential customers are strongly advised to approach such organizations with extreme caution, thoroughly verify all information, and avoid making advance payments without confirming the seller’s reliability.

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