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May 25, 2019
9:24:47pm
Negative Equity All-American
It does happen at every dealership. Also straw purchases
Which is where someone with good credit signs a loan, but someone else with bad credit credit drives it full time and makes the payments. Banks will automatically declined a loan that they think is a straw purchase yet it happens at all dealerships.

Another bad thing that happens is finance guys lying to people with marginal or bad credit that the loan approval stipulated that the customers has GAP and a warranty. No bank ever has that stipulation. Those products are always optional.
This message has been modified
Originally posted on May 25, 2019 at 9:24:47pm
Message modified by Negative Equity on May 25, 2019 at 9:41:18pm
Message modified by Negative Equity on May 26, 2019 at 12:29:36am
Message modified by Negative Equity on May 26, 2019 at 9:30:54am
Negative Equity
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Negative Equity
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5/25/19 12:52pm

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