Lease Extended Warranty Scam: How It Works
Several questionable car dealers add an extended warranty into a leasing deal. The thing is, the extended warranty is already factored into the monthly payments! Alternatively, the scammers get their victims to buy warranties that are even longer than the life of the lease, as in a 48-month warranty for a 36-month lease.
Watch the video below to see more scams pulled by car dealers and a few things to check for when buying a car:
Lease Extended Warranty Scam: How To Avoid
The warranty is already built into your payments, so refuse the offer right away.
Lease Extended Warranty Scam: How To Report
Make your family and friends aware of this scam by sharing it on social media. You can also officially report the questionable auto dealerships to the Federal Trade Commission using the link below:
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