hearing rumors that consumer finance is likely to implode by spring conduct yourselves accordingly
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They’ve been like this for years. Nissan and Dodge especially love the subprime loan to repo layup
Thanks. Twitter will use this to make your timeline better. UndoUndo
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The market for cars _is_ weird right now, but I suspect car repossessions pencil out ok for the lender even under normal circumstances. Payments outpace deprecation so if the lender gets half the loan repaid & also gets to resell the used car that’s a win.
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I have no industry knowledge but IME they were happy to give 0 down loan and long term I expect to be underwater for quite a while
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