Quote:
Originally Posted by blankall
If it was just a straight line of credit with the bank then they wouldn't be a able to repossess without security. Pretty sure the seizure or sue rules would apply as it will fall under the PPSA.
I don't get how they couldn't find a way to make a few more payments on the car but can make payments on the new car?
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Well, you get a new loan with cash back, then blamo, you have another $8k for monthly payments. It's a flawless plan.