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Every actual gripe I see is from people who didn't pay their bill and then got upset when their car stopped working.
by LorenPechtel 10y ago
Every actual gripe I see is from people who didn't pay their bill and then got upset when their car stopped working.
- walrus01 10y agoI have seen the contracts for "buy here, pay here" sub prime used car loan lending places, and the contract language is REALLY CLEAR about the installation of a GPS-based device that has enforcement ability over the engine control computer/fuel injection/starter system. You have to be delinquent to get shut off. But that said, the average person who is buying a $9,000 used car with terrible credit is highly unlikely to read and comprehend the full text of the loan contract.
- imbeau 10y agoIt's easy to blame the people who can't afford to pay their bills but it misses the point. First, someone who misses their car payment shouldn't find themselves in physical danger. Having your car shut down while it is running is incredibly dangerous and unjustified. Second, most of these people are being preyed on by lenders who know they cannot pay the loan on their car. The business model is no longer helping someone find a vehicle, but rather renting them a vehicle in the short term and expecting them to default so you can sell the same car over and over again. It's much easier and more comforting to blame the victims of this fraudulent business model than it is to examine and fix the underlying issue with predatory loans in this country.