The place is probably a “note lot”, you know, “we tote the note”. How they operate is they buy crap cars at auctions. Lets say they paid $1,500.00 for a 9 year old van. They sell it for 3 grand with 1500 down and they carry the note at 10 or 15%, usually with weekly payments. You miss by a day or three and the repo man picks it up, and they re-sell the car again after 30 days. First buyer loses all.
I worked for a repo guy for about three months until I could not stand it any more. The industry is so full of crooks that take huge advantage of folks that are having tough times just getting by. Look for increased advertising around tax time, note lots have their biggest months at tax time grabbing that unearned income tax return checks.
Usually those checks are spend for cars, clothes, jewelry, booze, drugs and most other crap that are not needed. You know, like pedicures.
Got no job? We don't care.
Got a bad credit rating? We don't care.
Got a prison record? We don't care.
Don't expect to pay us? THAT'S when we care!