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Pastimes : Where the GIT's are going

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To: Augustus Gloop who wrote (141596)	4/25/2007 1:00:44 PM
From: Ken Adams	Read Replies (1) of 225578

That buyer drives his "bargain" away upside down in his payment. He stays upside down for the duration as he always owes more than the car is worth. Each subsequent transaction puts him further upside down. You see the dealers all the time saying "We'll pay off your loan, now matter how much you owe!" These people have no clue what they are doing to their credit rating because, one of these days, it all must be caught up. As time goes by the buyer usually is seeing his wage go up, so he thinks he can afford to continue this insanity.

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