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Pastimes : Thread Morons

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To: Don Pueblo who wrote (7892)5/17/1999 11:20:00 PM
From: Little Engine  Read Replies (1) of 12810
 
A unique business plan, apparently: #reply-9575262 , which is an explanation of how KWIN is making monstrous "unaudited earnings" on its new used car lot division (supposedly $1.8 million in pre-tax profits on a division they just purchased last year for about $800,000 worth of restricted stock).

Quoth our expert: "The interest rate is the max by law and it can be huge. Lets say 15%.(ed guess)The person puts down 500 dollars make 10 payments and can't pay anymore.The company gets the car and starts all over again."

Loaning to people who can't pay you back. Brilliant!
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