Good Luck Getting Out Of That Subprime Auto Loan When Used Car Prices Crash

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– Good Luck Getting Out Of That Subprime Auto Loan When Used Car Prices Crash:

“Essentially, the dealers are not selling cars. They are selling bad loans.  Repossession, rather than being the end, is just the beginning…”

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1 thought on “Good Luck Getting Out Of That Subprime Auto Loan When Used Car Prices Crash”

  1. The new cars have a high premium.
    Eg: I am in market for minivan. I see Crysler Pacifica new ones price $35K-$44K. 1 year old of same model is $23K-27K. So $10K just for new car smell?

    Used Car dealers function like pirates. Instead of aiming for $2K profit and selling 10 cars, they look to make $10K profit by selling 2 cars. Rows after rows of cars but these cunning ones are not fair in their dealings. These things are bound to happen.

    We don’t need these dealers to do detailing and sell it at huge premium.

    Reply

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