Sounds lucky. Auto loans are "secured debt" generally not eliminated in bankruptcy. Likely not a reproducible model for getting a car at half price.

The advertising does sound enticing:
Bad credit? No credit? Slow credit?
WE WILL GET YOU APPROVED AND INTO THE VEHICLE OF YOUR CHOICE
NO PAYMENTS FOR 90 DAYS!
ONLY 99 DOLLARS A MONTH
IF YOU'VE GOT A JOB, YOU'VE GOT A CAR

What isn't advertised and made clear is what you're borrowing - Federal Reserve notes - and all the obligations associated with being trustee/member bank of a private corporation. And then the kicker: JUST SIGN AND DRIVE! Make no mistake, it is your signature that is creating the new currency to fund your purchase. Elastic currency.

While the proceeds from a loan are not taxable, there are plenty of reasons to think twice before borrowing the Fed's toxic currency.

ONE. You need Federal Reserve income to support a loan of Federal Reserve notes. As we learned from this suitor's example:
http://savingtosuitorsclub.net/showt...g-lawful-money
the bank would not count the husband's lawful money income as income towards a loan. If it wasn't on the tax return (as taxable income) the bank would not count it! He would need to declare it taxable income.

TWO. Therefore you'd be paying income tax on your income. What's 30% of your annual income?

THREE. You'll be entering a contract. You are now contracting with a private corporation with all its obligations and statutory requirements. Can you say US Code?

FOUR. Depreciation. Federal Reserve notes are debt notes designed to lose value. About 10% a year. Also called "inflation" If your business model involves borrowing FRNs hoping to profit, you'll need to factor in depreciation as well as income tax on earnings.

FIVE. You'll be encouraging and perpetuating the central bank scam. The opposite of END THE FED. If you borrow FRNs to purchase a car/house to flip or resell, and your prospective buyer doesn't have the cash on hand, what will they likely do? Yep, borrow more FRNs. Advance on a credit card, home equity loan, etc. The cycle of ever-expanding debt.