The rise of the scammy car loan
The rise of the scammy car loan
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Love this comment because you actually read the article, unlike some other commenters…
My jaw dropped when I got to that part too! That’s a 4x value payment on a 5/yr loan! Beyond disgusting tactics needed to get someone to in go for that. It’s absolutely predatory.
Yeah but ‘just be financially literate bro. It’s your fault if you get taken advantage of when buying something you’re almost required to own’. Goodness that felt gross to write.
You may be more savvy than the average customer, or haven’t met a truly cunning salesperson. I’d guess if you’re able to articulate that, you’re probably not the target customer.
You’d be so surprised at how often people just look at the payments.
Aaand it’s gone. The whole comment. It’s gone.
He quoted the part of the article that stated a customer unknowingly purchased a Jaguar with 75% APR.
I’ll line up with everyone else who wants to tar and feather most car salesmen as scam artists, but surely there should have been red flags
Thanks!