Durty11

A majority of people are using their Tax Refund money as a down payment at a "Rent to Own" lot rather than buying the car outright. So they are buying a $6,000 to $8,000 car (Depending on the down payment) at 25% intrest or more (I think the legal limit is 36% intrest not sure). The car lots usually finance the cars to the customers for 2-3 years. Most are not putting $4,000 down more like $1,500 to $2,500. But, it is sad how much they actually get back and how quickly the blow it.