Tuesday, March 04, 2008

Amazing business concept

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:

Rich said...

So now not only is there predatory housing lending, but there's predatory tire lending?

That is stunning.

The Lone Beader said...

There seems to be something really wrong with that.

And, I just had to BUY two tires a week ago!

Lora_3 said...

That is so sad.

Be safe...