Saw this infomercial. They say they can get anyone financed. What's the catch? Are these people for real? Does anyone know anything about them?
If it is the same ad I have seen, the deal is this. The overprice a vehicle say 15k for a car worth 6K. You put down the 6K and make payments on the rest. If you default, they already have received the car value. If you pay as agreed, they make a huge profit. Now they do not tell you the vehicle is overpriced( obviously) You can tell when they give you a price on whatever vehicle you are interested in.
I've seen alot of informercials similar to the one you're referring to, especially back in Vegas. Basically, they're sub-prime lenders who will finance you at 20% + , plus you'll need a substantial down.
================================ Nothing like paying cash for a car and financing 9000 you don't owe at 20 %. Can You get a 30 year term on this with out reduced payments? ------------------------------------------------------------------------------------------------------The only better deal is the Brooklyn Bridge. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Who'd they take lessons from the CRAs and Fico?
