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When a customer is offered a monthly/weekly price of $X and the car is in the exact condition described by the dealer, it cannot be a ripoff. Now if the dealer
by unabridged 11y ago
When a customer is offered a monthly/weekly price of $X and the car is in the exact condition described by the dealer, it cannot be a ripoff. Now if the dealer is filling their head with nonsense like the car's value will increase over time (a la mortgages), then maybe you might have some fraud aspect.
Laws can't protect stupid people from wasting their money and I don't want a world so locked down where they could. And what's the worst case scenario? The car gets repossessed and their credit goes down (ie less people will trust them to make purchasing decisions in the future). There is no debtors prison and its highly unlikely they would have wages garnished unless the car was destroyed.
- fluxquanta 11y agoThe "worst case scenario" is losing your entire source of income, since a working vehicle is NECESSARY to earn a living in most of the US. The people patronizing these BHPH dealerships don't have a choice in what they pay due to damaged credit, so they're forced to choose between an exorbitant interest rate on a vehicle that's marked up significantly, or no way to get to work.