Leasing: Security Deposit Scam
Lease Security Deposit Scam: How It Works
You are excited to see a dealer advertising a $0 security deposit. There is no such thing, as the security deposit is always factored in the lease, under the provisions for disposition fees. This is just a trick to get your business.
They could also change the name of the fee to something different though they are actually the same.
Watch the video below to see more scams pulled by dealers and things to check for when buying a car:
Lease Security Deposit Scam: How To Avoid
Try to learn as much as you can about leasing when you are ready for it. There is alot of money involved and you don't want to be a sponsor.
Lease Security Deposit 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: