This is not that bad a deal, as most offers go. Using one dealer is clearly not a scientific survey since auto dealers are notorious for their "independent" ways of doing business. However, the television add is quite clearly misleading in one way. I don't know anyone who thought this was a refund program. They do perceive it though as a way to get clear of automotive debt, which it is not. (The mouse print is too small and on too little time.)

This unfortunately could, with the aid of an unethical salesperson, help justify someone to buy well over their means. Buying a car over your means and not being able to meet your payments is not one of those "six reasons." Yet if you happened to only qualify for one of those auto dealer acquired high interest loans and found yourself turning in your car within a year after purchase you could still be in big trouble. Even with the $7,500.00 forgiven, you could still find yourself owing the near full amount of your purchase due to that high interest rate and not have any relief what so ever.