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To: yard_man who wrote (117382)	8/17/2001 3:48:16 PM
From: Horgad	Respond to of 436258

It is a gimmick that I have been hearing about for at least a couple of years. Maybe the idea started near here (Indianapolis) and is slowing spreading to other parts. On the surface it sounds great as the dealer is offering you a car that they are not going to make any money on. They sold the car once for 15,000. The person stopped making the payments and the car got repossessed. Now they will "generously" give the car to you if you assume the loan. Problem is there is 14,000 left on the loan and the car is worth 13,000. As I understand it, they are basically trying to find suckers to eat their loss on bad loans. Maybe an increase in these sorts of sales would indicate increased repossessions, but these sales have been pretty common around here for a while. Wait until they have the same sale but give you $500 dollars to assume the loan. Then you will know things are getting rough:)