this post was submitted on 26 Jul 2024
147 points (96.2% liked)
Asklemmy
43392 readers
1426 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Buy-here-pay-here car dealers
Pawn shops
Payroll advance loans
Title loans
Private prisons
Bankruptcy-proof loans
Bankruptcy for corporations
Just spitballing here, feel free to add any I missed...
i'm sorry, but what is that first one, and what's the alternative?
Here's a little bit about buy here pay here from one perspective.
The cars are generally bought at auction. That means car dealers took them in trade and didn't want to sell them because they were too bad/too big a risk to their reputation.
The cars were bought cheap and "repaired" enough to get them running, and then they DETAIL the hell out of them.
Bottom line is, they sell a car they own for 2-3000 for 7k+ and get their cost back so quick they're making profit almost from day one, and whether you pay high interest forever to them or they repossess it and resell it to someone else for more profit, they don't care.