The Bad Credit Car Business Is WILD!

If you are car shopping with great credit, we recommend Premier Financial Services - vinwiki.com/r/pfs24

My Credit score went down watching this

When the video started, I was listening, not watching, and my first thought was "why is Roseanne on Vinwiki?"

Finally some real stuff, tired of hearing all these guys talk about lambos and Ferraris

That car outlined silouette in their logo is used by every scammy dealership on earth. Its like an advanced warning.

Lol this kind of back of the room talk is what I'm here for.

Can you imagine her and rabbit doing a podcast about car sales? Holy crap that would literally set the internet on fire😂🎉🎉🎉 #VINWIKI

The topless turtleneck trade in is such a mad lass power move.

Oh dear... I've known a few folks who have had cars from such places and it was never a happy story... Most them just had that 23.9% forever payment as one heap after the next would catastrophically implode on them after a few months. I was just browsing the inventory at one once and the salesman approached me and immediately wanted to get me financed. I told him I was a cash buyer. He straight up told me, honest as Abe, "You don't want to buy a car here." and walked away. 😂

Walked in to a place where they do a "Buy here, pay here" used lot since they had some reasonable inventory I wanted to check out. I walked in, they "preapproved me for 10k" but I asked what the interest rate was, they said 20% and I literally laughed out loud at them in the face. If I wanted to buy anything I knew I was going to need a line of credit at the bank instead, but I can just imagine how many financially illiterate people go through there and get fleeced.

My friend built a multimillion dollar business loaning money to bad creditors at 20% interest. Half the cars got repoed for non payment after a year or so and they just sold them again. Basically it's legalized loan sharking

You want me to stay til 9 something, when your credit's a 4 something.....

My next-door neighbor has owned a Buy-Here-Pay-Here lot for over 30 years. He buys cheap vehicles at auction and puts a minimum amount into making them roadworthy. He charges what he has in the vehicle as a down payment. With the interest rates he charges a $2,000 ends up being an $8,000 vehicle. Payments are due by the end of business on the day the payment is due and if it isn't made he repossesses the vehicle cleans it up and puts it back on the lot. He says that his most repossessed vehicle is a 2001 Cadillac Escalade with a quarter million miles on it and over the 5 years it's been on his lot has been repossessed and resold four times and has made him close to $40,000!

Finesses her asshole coworkers, gets discredited for her work and says I don’t care pay me. What a legend.

The boob deal was way too crazy...they were thinking with the little head vs the big head... I'm working how would that look in court? 😂😂😂😂

Glad to say I've never been this desperate to buy a car that I would pay 23% interest!

Gail has some amazing stories. You are going to love her.

I installed GPS remote kill units for a BHPH lot, it was a good gig. They paid well, especially for WIN module equipped / push button start vehicles. The lot was bought out by another dealer, and the gravy train ended.

One of my friends when he was 28 tried to buy his first car except he never had a credit card. He got laughed out over every new car lot in town because he wanted to buy a new car with zero down and have the payment around $200. He even went to the big buy here pay here lot in town that runs ads saying they can "get you in a car for a nickle down" and even they laughed at him and told him no. He ended up finding someone at his church selling an old car for $800 and he had to make payments on that.

I repossessed buy here pay here cars for a buddy in the 90s. If you ever want to get shot at on a regular basis, it's definitely the job for you. I picked up cars in the sketchiest neighborhoods you can imagine, but the pay was good, and I learned a lot.