Crazy 88 Auto. Whats the catch?

Question

I saw the commercial last night and of course they had tiny fine print flash across the screen before you could read it. I'm like yeah right. New cars for only 88 down 88 per month. I did a little searching but couldn't find much on it although it's an affiliate of some other bad credit loan network. So what do you think?

Answer 1

The $88 dollars down and $88 a month is for only a limited number of months. Like if you purchase a certain car you will pay $88 for about 6 months and then your payments go up to what they are "supposed" to be, like $200 a month after. I heard this ad on a local radio station and remember them saying it is $88 for the first 4 months and then $250 for the remainder of the loan. You also have to have really good credit because it goes through the car company to get the loan like GM motor finance.

Answer 2

This Site Might Help You.

RE:
Crazy 88 Auto. Whats the catch?
I saw the commercial last night and of course they had tiny fine print flash across the screen before you could read it. I'm like yeah right. New cars for only 88 down 88 per month. I did a little searching but couldn't find much on it although it's an affiliate of some other bad...

Answer 3

Crazy 88

Answer 4

I'm certain that you might find many financial solution at= financial-care.info-

RE Crazy 88 Auto. Whats the catch?

I saw the commercial last night and of course they had tiny fine print flash across the screen before you could read it. I'm like yeah right. New cars for only 88 down 88 per ...show more

Answer 5

Even if it was 0 percent interest, at 88 a month you'd have like a 10+ year loan (if the payments stayed the same.) You'd owe more than the car is worth, pretty much forever-- resulting in negative equity.

Not a good plan. Concentrate on getting a good price for the car-- NOT on the monthly payment. Then find out what the best rates are that you qualify for and what a reasonable term is. If you cant afford those payments, you need a cheaper car. 'Creative' financing is never a good idea with cars, becuase unlike real estate, it just goes down in value.

Answer 6

Crazy88 is a scam. They use the commercial to get you into the showroom and then they either say you need a large down payment or a cosigner depending on your credit. You never get to find out what the $88 down $88 per month vehicles even look like.

Answer 7

I called Crazy'88 because I need a second car,my present car note
is $227 and I could certainly,afford another $88 added on. However, I was told
that someone would call me.within 48 hours. Needless to say, no body
has called yet. Well, if they might charge 100's more, they better not call.

Answer 8

i figured it would be 10+ year loan also but if you do a little research there are dozens and dozens of complaints its a HUGE Scam they will tell you they have a lot of over 2000 cars and you get there and it may have 20 cars on it and they will tell you to by phone the name of who your meeting with when you get there that person doesnt exist and they will tell by phone that your approved for 25,000 dollars and you will drive off the lot that day with a car when you get there they will tell you that they need $500 down and yours payments will be way more then $88 dollars so in other words Don't fall for it at all if you look them on on BBB their rating is a F they are the only company i have come across with a F rating with the BBB

Answer 9

Disclaimer

The terms for which you qualify will depend on your credit history and other factors. An $88 monthly payment is based on a loan amount of $5830 at an APR of 7% over a term of 84 months and an $88 down payment.

Answer 10

I'm thinking about that adage, too... there's got to be some "fine print" that's not disclosed in the TV infomercials; like the Annual Percentage Rate, for example. And, I wonder what would happen if you end up being late with a payment... will you end up on the next episode of "Lizard Lick Towing"? Look at it with your eyes OPEN!