Leo on 11/25/2015
As bad as predatory leednrs are, the worst are 'tote the note' car lots... a car that would Blue Book at 2,750 (if it were in good shape) is on the lot for 3,900 cash price... Or 900 down and bi-weekly payments for so many years that the actual cost ends up being around 10,000 dollars or more. If any payment is even a minute late, for any reason, the car is repo-ed AND the entire rest of the note is accelerated and turned over for collection. Yet people drive away in these debt traps so often that the lots around here turn over a big chunk of their inventory almost weekly. Is that large a segment of the working population so strapped that they can't save up a few thousand in time to get a decent ride? Hmmmmmmm.