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Re: Chili Palmer post# 1752

Monday, 02/09/2009 7:03:48 AM

Monday, February 09, 2009 7:03:48 AM

Post# of 7196
LOOK, this 0% financing is a con game and I visited several GM dealerships to get to bottom. The mfgr incentives & perks are given back to finance company basically, but you are now paying 60 months for a vehicle they are selling at MSPR prices- NOT any respectable discount price whatsoever, so the consumer is not gaining in any manner and the prices still, in my belief, are too high for many of these vehicles and one reason they are not selling..

Also regarding the older "like new" or "one owner" cars they advertise, here in NC, prime banks now are saying at 4 years of age, no car/truck has value, so they are starting interest rates at 13%+ for them and tell you they are unsecurable car loans because of this.. Can anyone say "scam"???? Just imagine what the subprime secondary lenders are charging here for interest rates!!?? They can charge up to 30% for used car loans and another reason even the dumbest person is not buying a vehicle as they see the credit trap that can ensue...

NOT one damn thing has occurred to benefit Mr & Mrs consumer and the very people who screwed up the economy are the ONLY ones makling money & receiving free taxpayers' monies and refuse to tell any of us where they are spending those funds!!!!

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