‘Bogus leasing deals’ scam warning

Car buyers should beware of bogus leasing deals advertised on social media, the British Vehicle Rental & Leasing Association has warned.

The BVRLA says that fraudsters posing as BVRLA members are currently targeting motorists with poor credit histories on sites such as Instagram.It is advising the public to watch out for ads that promise ‘no credit checks’ and/or ‘no deposits’, and which ask customers to send a text or direct message to get the deal.

“These criminals are purposely targeting the vulnerable, scamming money from people who can least afford to lose it,” BVRLA Chief Executive Gerry Keaney explained.“It’s deplorable.Their adverts can appear very convincing, with some even posing as BVRLA members and citing membership numbers of legitimate members.

“We want to get the message out there that all legitimate leasing brokers adhere to Financial Conduct Authority rules and will carry out credit and affordability checks.Those who don’t will not be legitimate traders and could be out to scam you.”

Customers can find out if a leasing broker is a genuine BVRLA member by contacting the BVRLA directly.