Quote:
Originally Posted by shine2013
IMHO people know if they can comfortably afford something when they enter the agreement. It's on them to make the judgement call.
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Not everyone is as sensible as this statement. There wouldn't be a repo business if everyone was
With that said though selling to someone with lower credit score doesn't always mean they will default, just means there is a greater chance and even those with bad credit need a car that works. That call is up to them and what they can get financed on. I think it would be interesting to see what credit rating % bought what model of car.
This is just GM doing this either though.