Subprime Auto loans hit highest delinquency rates recorded since 1994 - Upgoat

Subprime Auto loans hit highest delinquency rates recorded since 1994
submitted by FuckShitJesus to FinancialNews 6 monthsOct 22, 2023 11:22:56 ago (+12/-1) (www.zerohedge.com)
https://www.zerohedge.com/markets/subprime-auto-loan-delinquency-erupts-reaching-highest-rate-record

Subprime defaults are back, baby.

All those $1,000/m car payments and new loans being issued for people who are about to default on the previous upside down loan.. is only going to last so long in this Pedo Joe Bribem economy.

15 comments block

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[ - ] RabbiKinderschtupper 6 points 6 monthsOct 22, 2023 11:56:00 ago (+6/-0)

Think of all the repossesed Nissan Altimas

[ + ] FuckShitJesus

[ - ] FuckShitJesus [op] 3 points 6 monthsOct 22, 2023 12:11:27 ago (+3/-0)

There is about to be a literal ass-ton of RAM trucks, Dodge Chargers/Challengers, & Nissan cars at auction.

[ + ] Shotinthedark

[ - ] Shotinthedark 0 points 6 monthsOct 22, 2023 16:58:10 ago (+0/-0)

Yeah but who wants a 4cyl charger?

[ - ] HeyJames 3 points 6 monthsOct 22, 2023 11:47:28 ago (+3/-0)

Loans given to bad credit on depreciating assets which the borrower paid significantly over MSRP and rolled over negative equity. What could go wrong!

[ + ] FuckShitJesus

[ - ] FuckShitJesus [op] 4 points 6 monthsOct 22, 2023 12:11:49 ago (+4/-0)

Sub-prime auto loans APR between 14-28%. Honk fuckin' honk.

[ - ] Spaceman84 3 points 6 monthsOct 22, 2023 11:35:33 ago (+3/-0)

Niggers shouldn't get car loans

[ + ] FuckShitJesus

[ - ] FuckShitJesus [op] 4 points 6 monthsOct 22, 2023 12:12:16 ago (+4/-0)

Niggers should still be slaves.

[ + ] recon_johnny

[ - ] recon_johnny 1 point 6 monthsOct 22, 2023 12:25:27 ago (+1/-0)

Yes, subjugated now. Of course.

But I’d give up almost anything to never have had them to begin with.

[ + ] RabbiKinderschtupper