How To Avoid The 'deposit' Car Buying Scam
How To Avoid The 'deposit' Car Buying Scam
James Bell (Publisher, Auto Reviewer) gives expert video advice on: What is the "deposit scam" and how do I avoid it?
What is the "deposit scam" and how do I avoid it?
The deposit scam is often used when vehicles are in really high demand or have a very low inventory situation. If you need to hold a vehicle, make sure that the deposit is refundable. Be very clear about that when you do the contract. Otherwise, do not do it; it's just a way of having that deposit money eventually stolen when they don't deliver that vehicle to you.