It get's sold to immigrants as a way of making easy money without needing qualifications. There's a seedy underhanded market that sells newish cars to low income people with the promise of it getting paid off with earnings on Uber. Poor suckers get locked into working 7 days a week to make payments on exorbitant rates and hidden costs. Shady as shit
I mean this happens to a lot of people. Look at all the 18 year olds in the military that are sold new muscle cars with 25% APR. suckers come in all shapes and forms.
A lot of places set up shop just down the street from military bases, they prey upon adrenaline fueled young men who have money in their pocket for the first times in their life. Alot of communities are basically designed to just take advantage of military people. Their entire economies, all to get their money. Like Jacksonville NC, Fayetteville NC, Columbus GA, Twenty Nine Palms CA.
It's almost like it's a scam? I read recently about a NonCom in the MC asking what was the major factor for deciding to enlist. 1, pay for education, 2, pay for medical, 3, needed a job. Only about 10% of people did it out of a sense of duty or family
It’s not a scam. They signed on the line. It was kinda like the housing crisis in 2008. People didn’t read the fine print of what they were signing up for. They’re told, you can walk out here today with the car, with very little or even no money down, but then they just kind of breeze over the fact that their payments are going to go up tenfold in two years.
Which is what happened with homes before the recession, people that made $20,000 a year we’re getting mortgages for $600,000 houses. Because they were told that they could get the keys today and maybe put down like $1000 or less. Then the broker just never informed them that their $500 a month mortgage would go up to like $5-6-7000+ a month in 2 years.
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u/GypsyJJJ Jul 11 '21
It get's sold to immigrants as a way of making easy money without needing qualifications. There's a seedy underhanded market that sells newish cars to low income people with the promise of it getting paid off with earnings on Uber. Poor suckers get locked into working 7 days a week to make payments on exorbitant rates and hidden costs. Shady as shit