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Archive for November, 2007

Auto Scoop radio--has anyone heard this?

November 14th, 2007 at 06:46 am

I just happened to catch this show while I was out doing weekend errands recently. I was absolutely flabbergasted at the advice they were giving.

http://www.autoscoop.com/content.featured.about

It all seemed to be about how to borrow the most money you could, even if you have bad credit, to get the most expensive car possible. After having listened to Dave Ramsey for quite a while, it was quite a shock I can tell you!

The host actually suggested to more than one person that they borrow more than they were paying for the car. For instance, if there was a cash-back offer on the car they should borrow the full price of the car, and take the cash to use. The callers weren't asking if it was possible to do this, he was actually putting the idea into their heads.

I can see where it would be a good idea if you were getting a 0% interest deal. But this didn't seem to be the case; it sounded like most of the callers had bad credit and were living on the edge already. The interest rate wasn't going to be good.

I'm thinking, geez, how can that host sleep at night? Maybe it was just the episode I caught. Someone please tell me he's not saying this stuff every week!