This car dealer scam often takes place when the finance manager insists on a deposit before the customer has signed the purchase contract. The car buyer will be told that the finance manager is required to bring in a copy of the contract offer to his boss and he needs a deposit from the customer just to ensure that the boss will sign off on it.
The finance manager will probably tell you that “It’s just to make sure that you are serious about getting the car”. Avoid this car dealer fraud by refusing to give a deposit before the contract is finished a signed by both parties. This is a common trick used by dealers to keep you there. Tell them that the fact that you made an offer on the car shows that you are serious.
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