The name says it all.I was so stunned that I actually stopped to ask the shop manager what the concept was... It's basically a rent-to-own scheme. It's evil - preying on the desires of lower income people who want to have gigantic wheels and tires - but can't afford to buy them outright. So they pay interest on the purchase, like buying a car on time. 52-month financing is available.
3 comments:
So now not only is there predatory housing lending, but there's predatory tire lending?
That is stunning.
There seems to be something really wrong with that.
And, I just had to BUY two tires a week ago!
That is so sad.
Be safe...
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