CarBiz, Ren'T'Own and Dealer Services Corporation (DSC) are stealing from the American public!!!
A woman in Ft. Worth Texas discovered rent-to-own vehicles are fraudulent loans. Polly says she bought a car from Uptown Motors in Ft Worth, TX in February and found out in October that Uptown Motors put the car registration in their own name. She says In Texas that is against the law.
Polly failed to read the fine print. She signed a Carbiz rent-to-own contract when she probably thought she was purchasing or leasing a car. That's the scam, Ren'T'Own is an auto thief's best friend.
Too bad this woman had not heard that CarBiz's partner Dealer Services Corporation (DSC) has made available $100 Million in capital for a fraudulent New Leasing Program. Now Rent-to-Own will also be called Lease-to-Own. What's in a name? Try using Grand Theft Auto or Stolen Vehicle to more accurately describe these bogus loans.
John E. Fuller, president of DSC says "Ren'T'Own" gives dealers full ownership rights until the vehicle is paid for. They can separate a delinquent "renter" from his beloved car in a New York minuteno sticky consumer-protection laws to slow things down.
If your payment is not in my office by the due date or the car back on my lot with the keys, I will report the vehicle stolen and you will suffer the consequences, " DSC partner Northland touts in literature to car dealers. "These used car dealers - I love them, " says John E. Fuller. What's not to love about partners in crime?
Well pardner, let's just hold on a Texas minute before you think you can just steal cars because you're the smartest guy in town. Crooks always believe they are smarter than the law. The truth is honest people don't spend each day in a war room plotting ways to take the public's money!
All this just might catch up to CarBiz and Dealer Services Corporation. Maybe there is jail cell you can Ren'T'Own.
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