Scammers are using social media to advertise phoney vehicle leasing deals in a bid to cheat unsuspecting customers out of money.
The scam has been highlighted by the British Vehicle Rental and Leasing Association (BVRLA) after it emerged that some scammers were posing as BVRLA members to lure in customers with advertising targeting people with poor credit ratings.
The organisation is urging the public to be extra vigilant and think twice before responding to any adverts that promote vehicle leasing deals that don’t require a credit check or a deposit.
Similarly, adverts inviting people to text to get the deal should be treated with the same level of suspicion.
Gerry Keaney, chief executive of the BVRLA, slammed the tactics as “deplorable”.
“These criminals are purposely targeting the vulnerable, scamming money from people who can least afford to lose it,” he commented.
“Their adverts can appear very convincing with some even posing as BVRLA members and citing membership numbers of legitimate members.”
Mr Keaney added that all legitimate leasing brokers adhere to Financial Conduct Authority rules and will carry out credit and affordability checks. Any that don’t won’t be legitimate traders and are likely to be scammers.
The BVRLA says it has reported the emerging threat to the authorities and insists it will continue to explore ways of increasing awareness to protect customers and its members.
Ellie Baker, brand manager at Fuel Card Services, commented: “If in any doubt, customers can check whether a leasing broker is a genuine BVRLA member by contacting the organisation directly.”
Posted on 5th September 2018
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