Dealers Offer Vehicle Buyers Some Suggestions: Just Stop Paying Your Loan

Dealers Offer Vehicle Buyers Some Suggestions: Just Stop Paying Your Loan

Joyce Parks was having a hard time to manage her Kia Soul when, she says, the car dealership where she had purchased it pitched her a non-traditional concept: Stop making the payments.

Ms. Parks, 63, says workers told her that she could not trade in the Soul, but that she could purchase another automobile. To get rid of the Soul, the car dealership told her, she should have the loan provider repossess it, Ms. Parks stated.

The …

Read More