Investigation Finds Car Dealers Basically Setting Customers Up To Fail So They Can Repossess & Resell Vehicles

Investigation Finds Car Dealers Basically Setting Customers Up To Fail So They Can Repossess & Resell Vehicles

A new investigation into California car dealerships using the Buy Here Pay Here method of financing is revealing some shocking statistics about car sales. Namely, the practice of “churning,” or selling the same car multiple times, is frequently being used to basically set customers up to fail so the dealership can score a bunch of cash down payments, repossess the vehicle when the buyer can’t pay on time and then sell that car again. [More]