Shady Car Dealers Targeting Military Buyers
http://lifeinc.today.msnbc.msn.com/_news/2012/05/31/11959202-shady-car-dealers-targeting-military-buyers?lite Holly Petraeus, director of the Office of Servicemember Affairs at the Consumer Financial Protection Bureau, warns military personnel to be on guard when they walk onto a car lot.
“You have these car places that spring up around military installations selling used cars for a very marked-up price and then putting high financing on top of that,” she says.
Military personnel can be especially vulnerable customers. They’re young. This may be their first car purchase. They often have a limited or negative credit history.