Wall Street Bet Big on Used-Car Loans for Years. Now a Crisis May Be Looming.
Wall Street Bet Big on Used-Car Loans for Years. Now a Crisis May Be Looming.
The used-car market’s hot streak may be ending as borrowers struggle to make payments and regulators say some auto lenders are “setting up consumers to fail.”
The used-car market’s hot streak may be ending as borrowers struggle to make payments and regulators say some auto lenders are “setting up consumers to fail.”
Anyone else getting deja vu? It feels like this is exactly the same thing we've been through before, but with cars instead of houses.
[gestures at everything]
HO BOI WAIT’LL YOU FIND OUT ABOUT NISSAN FINANCIAL’S BULLSHIT
lenders are “setting up consumers to fail.”
No way! They wouldn't do that! Oh no, they certainly wouldn't structure their entire empire around intentionally seeking out those who won't be able to pay off their loan, repo their car to "sell" it to the next person they pray on and repeat the whole cycle again! Never!