the subprime automobile financing thread (long, steady exhale....)

[sonatine]

honestly i was sure we already had a thread for this so i might collapse this into it if it exists but yeah lets get'r done

[sonatine]

understanding how/why 84 month loans are suddenly a thing.

https://jalopnik.com/84-month-auto-l...-yo-1825414883

[sonatine]

absolute tour de force reality check by this cat:


https://threadreaderapp.com/thread/1...397775361.html

[sonatine]

like the whole 'someone should do something' premise is retarded but hes absolutely laying waste to the car finance industry from a place of very deep knowledge.

[sonatine]

[sonatine]

the fact that these trucks cost more than houses and have been quietly increasing the cab size for 50 years are two data points that should be considered correlated, especially considering the extremely low iq/credit rating/education/income of the target audience.




it feels like the black box pitch here is 'buy this as a hedge against homelessness when the bank throws you out of your house' when the only thing thats going to keep this from being repossessed at the same time is going to be the logistics of a tow truck finding it. which btw wont be much of a pepsi challenge considering the volume of GPS enabled networking these trucks have burned into them.

[sonatine]

https://techcrunch.com/2023/02/01/ca...ing-from-nyse/

[sonatine]

[sonatine]

this shit aint going anywhere but to hell

https://www.cnn.com/2023/04/15/cars/...-dg/index.html

[sonatine]

car loan defaults are definitely becoming a thing.

https://www.bloomberg.com/news/artic...-monthly-bills

[sonatine]

b is for bump

[sonatine]

[sonatine]