New scams consumers need to watch out for

(CBS News)- Vehicle scams: And it's not just about buying. We all know you can go out, you can buy a lemon. You can buy a car that needs a lot of help. But sellers are also facing a new scam, where they try to sell a car, and all of a sudden, the person buying it, they're not honest. They give a cashier's check or a check that ultimately bounces. They already have the car in their possession. As a result, you are out the car, and you're not getting paid."

So, first of all, never hand the car over until you have the cash and you make sure the cash hits your account. Make sure you were given real, valid money. And avoid taking any personal checks. You don't want to do that in these transactions, especially if the buyer is contacting you over the Internet. Read more here…