We almost got taken by one of those when we bought our latest car (the one that still runs grrr!) a little over a year ago. We were quoted a loan rate, and I went online and calculated our monthly payments, which didn't add up to what we were told our monthly rate would be. Turns out, they were adding a monthly fee that was "insurance" so that if we died our families wouldn't have to pay off the car. I was not happy!Fortunately, we realized BEFORE we signed the paperwork, because the inefficient system here involves applying for the loan at the car dealer, but actually having to physically go to the bank to finalize things. DH told them in no uncertain terms that we were NOT interested in such "insurance."
The car sales guy claimed that it was a box you have to check to opt out of, and that it was just an oversight. I think he was slimey.
Not to be confused with who is actually kinda cute & very trustworthy.
Slice n' Dice's Sigpic Chop Shop 2004