It appears that the Uvalde shooter purchased his expensive weapons w/ "buy now pay later" plan

[Nevilledog]

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Tweet text:

Caroline Orr Bueno, Ph.D
@RVAwonk
·
May 28, 2022
Yes, it appears that the Uvalde shooter purchased his weapons — which cost several thousands of dollars — on credit. The fact that most gun stores & manufacturers have financing plans is a wide open door to impulse-buy deadly weapons, and I’m shocked this isn’t talked about more.

Caroline Orr Bueno, Ph.D
@RVAwonk
Re. the Uvalde shooter buying his weapons on credit: I don’t even mean “with a credit card” — I mean that he got his firearms from a gun manufacturer that literally offers a “buy now pay later” financing plan. It’s absolutely *wild* that this is legal.
https://nytimes.com/2022/05/28/business/daniel-defense-rifle-texas-shooting-gun.html…
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8:07 PM · May 28, 2022

[DURHAM D]

1. Good grief. I had no idea. nt

[Cattledog]

2. Kill now/Pay later

Or kill for free cause you'll never pay.

[gratuitous]

11. Gee, I hope the gun store can get its merchandise back

Or are the authorities going to confiscate the death machines, and cost some small business thousands of dollars of losses? NOW we can see the real tragedy! Maybe someone can start a GoFundMe?

[Delmette2.0]

15. I hope the weapons are melted down and the ammo destroyed.

[EarthFirst]

3. Anything to get them off the shelves...

This should be forbidden.

This isn’t a lawn mower or furniture; FFS!

I too; was unaware this was even an option…

[bucolic_frolic]

4. The inability to pay just exudes responsibility!

It's a red flag even for a job interview.

[Walleye]

5. So now are they gonna come repossess the murder weapon for nonpayment?

[Buckeyeblue]

6. I'm curious how he qualified

The stores lending policies should be looked at. If the interest rates for the BNPL agreement were high, the store might be considered a predatory lender, which I believe has an even higher level of scrutiny.

[Cattledog]

8. The gun manufacturer "Daniel Defense" offered a "Buy now/Pay later" plan.

I bet that's what he used.

[Zeitghost]

17. It's not the store or the manufacturer offering credit

They use Credova, which is one of the many consumer credit lenders offering retail credit online and in stores. Pay Pay, Affirm and a number of others offer similar services.

[Buckeyeblue]

21. I didn't think the store was offering the financing but wasn't sure

It's interesting because at 18 he probably had not established credit yet to be able to establish a credit score. Those are called thin files. Just about every lender would not approve a loan unless there was someone willing to cosign.

I wonder if he had a cosigner?

[Zeitghost]

23. These places are giving credit to anyone and everyone

Even little stores in the mall like Boxlunch are offering instant 3rd party credit. It's gotten crazy.

[Irish_Dem]

7. The GOP wants all Americans to possess weapons of mass destruction.

Regardless of ability to pay for them.

[SoonerPride]

9. Instead of lay away it's kill away.

Buy now
Kill soon
Get killed
Never have a bill
Pretty sweet deal


For the psychopath gun nut.

[Ms. Toad]

10. Guess they'll have to write off that debt,

and jack up the prices of the rest of their inventory to cover the loss . . .

[Baitball Blogger]

12. Holy shit

Making it easier for suicide candidates to take people down with them.

[Grasswire2]

13. someone has said that in that case the store is the legal owner of the weapon.

Can that be exploited in legal filings?

[Zeitghost]

18. No

For one, the store isn't offering credit, it's a 3rd party consumer credit company.

It's unsecured credit, the gun is not collateral and does not have a lien against it.

Even if it did, it would not make the lienholder criminally or civilly responsible.

[rsdsharp]

16. I'm having trouble believing an 18 year old, who failed to graduate high school

whose work history appears to be part time at Burger King, could qualify for that much credit.

[LiberalFighter]

19. Yes. Same here

They must charge high interest rates. If so, need to run the loan sharks out of business.

[Grasswire2]

22. here's the facts

[link:http://

Link to tweet

?s=20&t=QmKy4FLovf8gpKCB94liLA|

[Emile]

20. Predatory Capitalism to the highest degree!

[ThoughtCriminal]

24. How an 18-year old with only fast-food employment got that much credit

Is I'm sure, one more question Texas DPS has not bothered to ask.

[IcyPeas]

25. i hadn't heard this anywhere. it's just unfuggenbelievable how easy it is to buy one