Unfortunately, scams are a reality in many industries, including Rent to Buy vehicles and car rentals. As a consumer, it’s important to know how to identify a potential scam before signing an agreement or handing over your hard-earned money.
At Future Motor Lease, we pride ourselves on providing ethical and transparent Rent to Buy services. Having been in the industry for years, we’ve seen some of the warning signs consumers should look out for.
Here are our six tips to help you avoid Rent to Buy scams.
6 Tips to Avoid Rent to Buy Scams
Tip #1 – Verify the Company Information
Before signing an agreement, research the company. Verify its physical address, business details and contact information to ensure it is a legitimate business.
Tip #2 – Be Cautious of Companies That Only Use Cell Phone Numbers
A company that only provides a mobile number and no other verifiable contact details may warrant further investigation. Look for a registered business address, official website and reliable contact information.
Tip #3 – Request the Vehicle’s Service History
Just because you’re choosing Rent to Buy doesn’t mean you shouldn’t check the vehicle’s condition. Always request its service history to ensure it has been properly maintained.
Tip #4 – Verify the Company’s Right to Rent Out the Vehicle
Always confirm that the Rent to Buy company legally owns the vehicle or has the necessary authority to rent it out. Ask to see the relevant registration documentation before committing.
Tip #5 – Check Before You Sign
Read the proposed contract and terms and conditions carefully. Make sure you understand the monthly payments, cancellation terms, mileage restrictions and your responsibilities throughout the agreement.
Tip #6 – Verify the Vehicle’s Details
Check that the vehicle’s VIN and chassis numbers match those on its registration documents. Any discrepancies should be investigated before signing an agreement.
Choose Future Motor Lease with Confidence
When it comes to Rent to Buy, doing your homework is essential. Always make sure you’re dealing with a reputable company before committing.
At Future Motor Lease, we pride ourselves on quality vehicles, transparent agreements and excellent customer service.
By taking your time to go through these steps and verify all the information you need to, you can end up saving yourself time, money and a lot of frustration. For a rent to buy company you can trust, contact the Future Motor Lease team today on 011 026 0003.