Someone sent me this article and it's kind of scary to think that this happens in dealerships. What they do is take your trade-in and not pay your loan so it goes to collection.

Be careful buying new cars. I'm glad I didn't trade-in a car and payments go direct to the bank(I hope).

http://www.marinij.com/Stories/0,141...111191,00.html

 

Even the local restaurant got stiffed...