Originally Posted By: 82DMC12
The Kia dealer in town here is the only one that has ads like, "No credit? NO PROBLEM!!!" or "We will pay off the loan on your old beater and get you into a NEW KIA WITH A 100K MILE WARRANTY!" or "NO ONE is refused credit!!"
Just that is so much of a turn-off that I don't want to be seen at the dealer or seen anywhere near a Kia. They cater to low-lifes who cannot manage their finances and that's the perception I get of people who drive one.
You should really hate Drivers Select.
They cater to people with bad credit. Every car I've had come into my shop with Driverselect markings it's been a high end car.
Hey! You got a Lexus ES350....at only 20% interest!
I just browsed the inventory. Acura, Audi, BMW, Cadillac, page after page after page...then just a couple of Chevies.
And if Kia does put someone who cannot manage thier finances into a Rio or base Seoul...at least they aren't $25,000 under on a used Lexus.
Ford had a similar program years ago. Virtually everyone qualified for a "Red Carpet Lease". You missed a payment and they had the repo-men on you immediately. Even if you made all your payments on time they had you at the end of your lease. You were almost guaranteed to be upside down. The only way out? Pay up or lease another Ford. Those people that didn't manage their finances well could not buy their way out.
My old roomate finally bought a Dodge Ram to get out of the endless Ford lease cycle. They bought him out of the lease and he had to finance his truck for 6 years to get out of the loop. Probably an extra year of payments.
I told him to choose the purchase option at the end of the lease...to me that was a better option. Maybe 3 or 4 more years of payments on a truck that was in better condition than the Ford dealer would have indicated it was and you are free of the cycle. He didn't like my suggestion at all.