Well, that’s a new one that I haven’t heard before…
A TikTokker named Diam shared a video on TikTok and warned viewers about something that most people think is a normal practice: putting a down payment down on a car.
Diam told viewers, “If you ever paid a down payment for your car, you got scammed like hell.”
Diam explained that her boyfriend’s dad worked at a car dealership and told her that car salesmen take down payments from customers as their own commission.
She said, “You think that you just put $10,000 on your car loan when your interest was adjusted to $10,000.”
Diam gave an example and said that if a person put $5,000 down on a $20,000 car, some salesmen will pocket the $5,000 and lower a customer’s interest rate to make it appear that a customer’s monthly payment went down because of the down payment.
Diam said, “You didn’t even pay attention to the interest; you just paid attention to your monthly payments going down.”
She continued, “Because this went right over your head, he pockets your whole $5,000 as commission.”
Hmmmm…
Check out what she had to say.
@dimedocs Replying to @Nicole | Black Hair Stories ™️
Here’s how people reacted to her video.
This viewer shared their thoughts.
Another TikTok user spoke up.
And one viewer thought didn’t hold back.
Hmmm…that’s an interesting take…
It is a brave new world out there.
If you liked that story, check out this one about a delivery driver who gave two weeks notice… so his employer disabled his truck when he was 300 miles from home!