One of my personal crusades is to raise awareness of the fact that Mercedes-Benz did not invent the car like they claim to, and that automobiles have been around far longer than most people realize — viable cars have been around since at least the early 1800s. That’s why I’m so delighted to tell you about the first car to be repossessed, and used to run from a cop — way back in 1867.






More Stories
The $694 Million Paradox: When Does a Risky Loan Become Too Risky to Make?
Stop Waiting for the Credit Report: Put the Fraud Alert in the LOS
The Payment Moved, The Depreciation Didn’t
Your Collateral Just Left the Country
Lien Stripping: Mechanic’s Lien Loopholes and the Ticking Time Bomb
The Fraud Factory