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Joined 2 years ago
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Cake day: June 10th, 2023

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  • a loan for a used car sounds wild to me.

    Predatory car loans has entered the chat.

    I don’t know about Carvana, but plenty of scummy dealers will give insane rates to people with no credit check, repo the car while they’re still underwater on the loan, and sell it to someone else. You can have two or three people paying off the same car.

    Oh, also, they somehow encourage the most gullible people who can’t afford their loans to just let the car get reposessed instead of attempting to sell it back to the dealer.





  • The perfect consumer-facing example of this is Clear at the airport.

    Instead of waiting in line to have your ID checked by a TSA agent, you let an iPad take your picture and then have an agent walk you to the TSA agent and vouch for you.

    The whole iPad thing is marginally faster than just checking your ID by hand, so really they just found a way to monetize cutting the line. This provides zero net benefit to society except for extracting money from people for something that’s supposed to be free.

    Also, when everyone has Clear, we’ll be back in the same boat with long lines and they’ll probably charge more for Clear+ or some shit.