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At least there are documented ways to disable these devices. A lender with a lien on a 16yo mini-van is just so wrong. Putting a snooping device and starter dis
by sys_64738 6y ago
At least there are documented ways to disable these devices. A lender with a lien on a 16yo mini-van is just so wrong. Putting a snooping device and starter disabler on it are criminal.
- sokoloff 6y agoDon’t forget that these customers don’t have a better option, because of credit, down payment, proof of income, or other factors. Taking away someone’s best option doesn’t help them. Giving them a better option does, but I never see people who are arguing against these practices rushing out to make these loans on favorable terms.
- smabie 6y agoExactly. It seems like some people would rather have the poor not get access to cars at all. Because that's the alternative. It's all about risk adjusted return: if the lenders can lend with lower risk, they can lower interest rates to their existing borrowers, or expand to less credit worthy borrowers and keep the interest rate the same.