That sucks that they repo at the drop of the hat. Why not charge them a late fee and allow them to go on with life? I see nothing wrong with charging a higher rate for high risk buyers but this isn’t right. I thought there were laws about limiting this type of thing.
Yes, I have forgotten to make a payment a time or two. They call me and it is no big deal. I asked one if I needed to include a late fee with my payment. They were like “Don’t worry about it if you pay in the next couple days.” It was a local bank and I had always been on time. There was a slight error on their part or maybe it was mine. I had maybe paid too early once and it didn’t go on the month it was supposed to be so just went to principle and didn’t register on the next month’s payment. I thought I was a month ahead but wasn’t. You are right that me missing that payment was no big deal. I paid within a couple hours of getting that call as I was driving back to town and it was nothing to be worried about.
Basically if someone doesn’t intend to pay or won’t take care of their car, I don’t blame them for being hardcore. An honest mistake is another story.
As for the computers, I am typing this on a 2nd gen Intel Core i7 laptop. This is like a 9 year old system. It was junk left behind by someone. Besides me installing more RAM and an SSD, it is bone stock. This unit would pretty much clean the clock of most Wal-Mart computers these days with the exception of some high def video playback and encoding.
My main issue with the Wal-Mart units is that they are made as cheaply as they can be. All these companies prostitute themselves out to make junk so it can be sold at a low price at Wal-Mart. The same applies to Black Friday sales and such. That stuff is garbage. Most is all plastic and will not take any abuse. Much of it doesn’t cool properly which I think is done on purpose so it fails after a certain time and you have to buy a new one. I have just seen too many shortcuts to suggest these types of units to anyone except maybe someone with a kid that will destroy it anyway.
Apple is about the only company that doesn’t prostitute itself out to Wal-Mart. I have my issues with Apple as well but this isn’t one of them. Apples are generally very high quality and reliable but WATCH OUT if anything ever breaks as it is a BIG DEAL! It is rare but an “all your paycheck” event as I call it.
I agree that hardware has reached a point where more power isn’t always better. New tech can be used to make the devices lower power and run longer on battery instead of increased speed. That is why so many tablets are in use. Even phones are a supercomputer compared to anything a couple decades ago!
We have the ability to make the best stuff in all the history of mankind now. I feel it is a waste that we make junk designed to be thrown away so quickly.