Yikes, you buy a car and the dealer doesn't pay off your trade-in. Or worse yet, you buy and car and find that you have to pay off two loans: yours and the previous loan that the dealer couldn't afford to zero out. Scary times indeed! Now you have to perform a credit check on the dealer.
Folding dealers shock car buyers with liens - Autos- msnbc.com
Tuesday, February 03, 2009
Downright Scary, Auto Dealer Gives Buyers Something to Lien On
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