Advertisement

Cash car

At Buy Here Pay Here car lots, the dealer can profit whether or not a customer keeps up with loan payments. That’s because the car can be repossessed and sold again. Here’s a hypothetical case based on actual transactions, excluding taxes and fees:<br/> <a style=”color:#2262cc;” href=”http://www.latimes.com/usedcars”>Read the full Times series &raquo;</a>

Share
Graphics reporting by Ken Bensinger; illustrated by Lorena Iñiguez Elebee; animated by Lorena Iñiguez Elebee and Raoul Rañoa; edited by Les Dunseith, Robert Burns, John Corrigan and Steve Eames.

Advertisement