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Someone I knew in the used car business told me that it was not unusual for a single car to be sold and repossessed multiple times. Each time, the dealer pocket
by analog31 5y ago
Someone I knew in the used car business told me that it was not unusual for a single car to be sold and repossessed multiple times. Each time, the dealer pocketed the down payment, which was typically more than they had originally paid for the car.
- csdreamer7 5y agoJohn Oliver did a segment on this.
- architectonic 5y agoLink please?
- Mitzi 5y agoNot sure if the parent meant this but here is one, starting at around 7:05. https://www.youtube.com/watch?v=4U2eDJnwz_s https://www.youtube.com/watch?v=4U2eDJnwz_s
- csdreamer7 5y agoIndeed I did.
- imtringued 5y agoSome trucking companies require you to lease your truck. If you get fired before you paid off the lease you dont't get to keep the truck. Barely anyone stays around long enough and if they do the boss can just fire them before the lease ends.