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.”

  • Aidinthel@reddthat.com
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    1 year ago

    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.

        • KoboldCoterie@pawb.social
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          1 year ago

          Sure, and why wouldn’t they assume higher risk? The government will just bail them out if they lose those bets.

        • AttackBunny@lemmy.world
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          1 year ago

          And then they default, and the loan holder is surprise pikachu face because who could have ever anticipated a subprime loan defaulting. Or worse who could have ever anticipated many of them doing it when the economy takes a minor downturn? It’s a gamble that they aren’t required to prepare for, and then they turn and stick their hand out for a bailout once the inevitable happens