Are “Buy Here, Pay Here” car lots predatory to low-income buyers?
The price was $7,999— double the market value —financed at a 25.99% interest rate . They also had to pay a $1,000 down payment. are buy here pay here car lots good
The dealer promised they could trade it for a better car in six months if they stayed current, but they were now locked into high payments for an old, high-mileage vehicle that could break down at any time. Why They Get a "Bad Rap" Are “Buy Here, Pay Here” car lots predatory
They may have more flexible lending criteria than big banks. Are “Buy Here
Vehicles are often priced significantly higher than their actual worth.