Edmunds.com Shuts Down Fraudulent Websites
Edmunds.com is currently working with authorities, Web hosts and banks to put an end to a scam that victimizes online car shoppers.
SANTA MONICA, Calif. — Edmunds.com is currently working with authorities, Web hosts and banks to put an end to a scam that victimizes online car shoppers.
Edmunds.com was successful in shutting down two fraudulent Websites, www.edmundspayment.com and www.edmundsautopayment.com, but is concerned that other such sites may emerge.
“If you see a classified ad that references an Edmunds escrow service, please report it immediately to the Website hosting the ad,” encourages Edmunds.com Senior Vice President and General Counsel Kenneth Levin. “Edmunds.com does not have an escrow service, but criminals are fraudulently using our site’s name, logo and likeness to induce car buyers to send them the payment for the car — falsely assuring them that the money will be safely held until the vehicle is delivered.”
Individuals who believe they were victims of the scam are being ask to contact their bank as soon as possible to cancel the transaction. The automotive information site is also asking individuals to report fraudulent used-car advertisements directly to the Websites that hosted them.
More F&I
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →