Vehicle Leasing – How to Avoid a Scam

Admin| September 27, 2009 | No Comments

Leasing a car has many advantages as long as you don’t become the victim of a scam. There are many great leasing companies available that you can trust to take care of you properly. They care about their clients and go out of their way to make sure you’re personally taken care of. Still, there are many scam artists out there as well. It’s important to know how to recognize the legitimate companies from the bad ones.

Warning signs to look for when leasing a new car:

• If you sign up for a new lease, they’ll pay off your existing lease payments. In this situation, they’re only going to be responsible for the payments left, which will probably be added to your new lease. You’ll still be responsible for any other fees charged by the original leasing company.
• If you’re told that discounts and rebates can’t be allowed with leasing a new car. Leasing, just like buying, is based on discounts and rebates.
• They offer to use your car as a trade in, pay off your existing loan and then lease you a new car for lower payments. After the dealer works his magic with the numbers, you’ll end up paying more than you would have originally.
• If you’re promised that you can withdraw from your contract or change to another car anytime you like. This cannot be done without you being penalized, which can run into a lot of money.

You can avoid scams by doing your research on the company before you deal with them. Find out how long they’ve been in business and what type of reputation precedes them.

Always read the fine print and make sure you understand the terms of the contract completely before finalizing the deal. If you don’t understand something in the agreement, don’t sign it until you do. If you run into any of the scams listed above, or anything else that sounds too good to be true, search for another leasing company. Getting a new car lease can be very exciting and it has many benefits. That is, as long as you make sure you’re doing business with a good company and avoid getting tangled up in scams.

To avoid a leasing scam I recommend Futlon Leasing for car leasing and  van leasing

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