[mamelukesabre]

I have little respect for anyone that agrees to purchase under these terms.

[dynachrome]

Most people with bad credit seem to be in denial about why.
(Most, not all. divorce, med bills, etc.)

[El Sordo]

Some people's finances stink so bad that this kind of deal might be their only option.

I once worked with a guy who bought a NEW truck at 27% interest. That kind of rate is the only way he could get the credit.

He was also one of the stupidest people I ever met, as you might have already guessed. But that's another story.

I suppose this could be more effective (and safer) than the repo man. A reminder of impending consequences rather than a burly bald guy being followed by a bunch of TV cameras shwoing up at 5 AM....

[driftdiver]

I think the key would be to buy a lot less car until you get back on your feet. Not pay these vultures.