How to Buy a Used Car and Not Get Taken

1. In many states standard lease documents are not required to disclose the capitalized cost. That doesn't mean you can't ask. If they won't tell you and put it in writing, then it's best to walk away. They are out to gouge you.

2. Always be sure that your lease agreement clearly states that you have the option to purchase the car for its stated residual value or to walk away.

3. Get the facts on wear and tear. Have them explain how they determine excessive wear and tear. Who makes the decision and how do they estimate the costs?

4. Have the salesperson explain what happens should you need to "get out early." Don't fall for "we'll work something out." Ask to have the clause in the contract pointed out to you and then read it aloud. You'll find that getting out is neither easy nor cheap.
5. There are literally hundreds of lease scams. To be safe, stick with the manufacturer or your bank.
6. A trade-in on a lease can be a license to steal. The dealership doesn't have to show what they gave you for your trade-in on the lease contract. But you should ask and insist on being given a figure.
7. There are times when a dealership will try to renege on giving you a factory rebate if you decide to lease. Don't let them. The factory is giving that money to you.