Nick Lee pitches Mizkif a business idea targeting struggling influencers to repossess their high-end cars 🚨 "I'm about to buy a Lamborghini Huracán for $71,000" "I'm taking the car, but now they have good credit"

this is so dumb, why wouldn't they just sell back to lambo dealership themselves if they are willing to take 71k for it? what he is leaving out is that there are like 70k+ more in payments due... so he's not actually getting it for 70k. it would make no sense for someone to do this. who believes this shi?

@FreeDrThug @NickWickClips Well I’m not sure about weather or not this is real but the 70k price could be if the owner was desperate enough because alot of time on cars like this these retarded influencers with take out loans that are called balloon loans witch start out low then over time get bigger 1/2

@thebman1981 @FreeDrThug @NickWickClips That's not what a balloon loan is

I just took the "even gets bigger" to me it ends with a final large payment but yeah reading it again that reading was much too charitable as he seems to be saying a balloon payment is one where the monthly payments get bigger over time or perhaps even only after a certain time but regardless that is not the case as it involves a large final payment but otherwise all the payments prior remain essentially the same