A scam for sure
Thursday, July 27th, 2006A woman in my class came in distressed the other day. She claimed that her car had been stolen from her apartment’s parking lot. 
Yesterday she came into class and said that she’d received a call from the cops. Turns out it had been reposessed, not stolen.
Here’s where it gets scammy. The dealership in question (Smoky Mountain Car Supercenter) had received her car payment only one day late when they sent out their repo guy. When my classmate called them to ask why they towed the car, the salesman said that he’d mispelled her name on the contract and she hadn’t noticed, so they had voided it. Hmm.
Luckily, she’d written down the VIN for the car before it got towed. Upon looking it up, she found out that the car had four owners in this year alone. It looks like they get their downpayment, maybe a second payment, void the contract and repo the car and start the whole process over again.
Our readers are too smart to fall for something like this, but I know you all know some suckers. Spread the word and make sure no one gets shafted again.