Car Leasing Scams

Car leasing, buying an attractive alternative praised

Provide flexibility in operation less than driving a new car. Melt

In fact, however, leasing is an option that many full

Loop average. That the lease does not control

Rev. Vehicle purchases. This has given rise to many leasing

Fraud to deceive customers into believing that they have a good deal

Although in practice the seller is all a difficult task.

5 Easy ways to Car Leasing Scams

Here we look at some of the most common scams and how to avoid them

The low interest rate-made:

In fact, some traders citing the current low interest rate

More. They do this by referring to the money factor

The calculation of the interest rate or loan without closing somewhat depreciation

Lease and loan payments as deposits. Gather

Factors, for example: This is usually expressed as four decimal places united

As 0.004. Some vendors, interest rate 4% during the reference week

In fact, the interest you have to multiply by 24 to get a rough idea

The interest rate on your loan. In this example, interest rates is 9.6% more high

4% from rate "references".

The formula they use to calculate the numbers, and make sure you understand

About benefits. One factor to note all fees

Calculation. If you are not satisfied give lease

Agreement.

The low end of your lease early

The entire lease broken. How do you dealer

You have to break the lease and if he tells you: "You have

Early? One thing is certain, you have to pay "up to $ 300 early termination. His

References are not only the first small administrative penalty

That there is a harder penalty for early termination and ongoing

With thousands of dollars.

Do not confuse the early termination administrative penalty

Termination fee. Read the fine print carefully to know how much

You want to break your lease before the scheduled payment to you

At the end.

You do not have to pay for an extended warranty

Another shell game to increase your profits at the expense of the seller.

At the same time, there have been further contract suppliers - slide Guarantee

Monthly payments, or he tricks you can be a factor in the purchase of 36 months

24 month warranty on rental basis.

You do not have to pay the extra money that you have configured security

One that goes beyond money or contracts.

Extended warranties can slip in. Do not be stupid, it is guaranteed

Already priced in

No deposit

Any business will tell you advertise-deposit box $ 0

Full story. Always factor in the deposit under the lease

payment rule.