[citation][nom]Crashman[/nom]Double? This girl I know just started payments for a car from one of these guys at $5,000. It's a 2002 Pontiac subcompact with 160k miles...worth about $1500 on the open market.And there are no busses here.[/citation]
As an RV tech, I see people who are suckered into paying tens of thousands more than the vehicle is worth, and they have good credit. I can see where a predatory lender could get away with this. Ultimately, we all become enablers of these "business" men when we make poor credit choices. Ultimately though, I see this technology bleeding over into other sectors of the business. One model that works in one place will become common in another. They have to protect their investments!!! That is what bothers me most about this though, and I'm not much of a conspiracy theorist.