Auto lenders can steer vulnerable people into crushing debt, with zero money down and high interest loans, so come on down to Crazy Johnny’s where Keegan-Michael Key and Bob Balaban join John Oliver in showing us exactly how it’s done!
It seems like it’s always the poor people who suffer. To get a job, you often need a car, but getting a car can be impossible if you have foreclosures, bankruptcies or poor credit scores. Enter the ‘buy here, pay here’ dealers who will sell anyone a car – even if you have all three strikes against you! Desperation makes paying a high interest loan seem like the only option, and the fall-out can be devastating. Hey, it’s not all misery. No one is happier than those who buy up failed loans and collect on them. It’s thought that the sub-prime mortgage debacle is about to be reenacted, but with cars.
Come on down, and see how Crazy Johnny, his cousin Crazy Jimmy, and their accountant Crazy Walter sell a 2003 Kia in this hilarious ad send-up. This little ‘aggressively bland’ beauty is identical to the one the LA Times followed beginning in 2008 when it sold for over double it’s Blue Book value for $11,000. Within 3 years the Kia was repossessed or returned for mechanical problems 8 times – sold often for double or triple its value. The last known ‘transaction’ occurred when an extremely myopic car thief stole it – on one of the days when it was running.