How the scam works:
A car dealer might say he is doing you a favor. Instead of having you pay the one-time fees while closing a deal, he will authorize for you to pay them over the life of the lease.
If you agree to this, your $600 deposit could be $1,200 by the end of the amortization, because of interest rates.
Watch the video below to see more scams pulled by dealers and things to check for when buying a car:
How to avoid:
Try to find a way to pay the small fees the first time…unless you don't mind paying double.
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