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Subprime Auto loans hit highest delinquency rates recorded since 1994

submitted by FuckShitJesus to FinancialNews 1.5 yearsOct 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

sort by: hot new top old low

[ - ] RabbiKinderschtupper 6 points 1.5 yearsOct 22, 2023 11:56:00 ago (+6/-0)

Think of all the repossesed Nissan Altimas

[ - ] FuckShitJesus [op] 3 points 1.5 yearsOct 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 0 points 1.5 yearsOct 22, 2023 16:58:10 ago (+0/-0)

Yeah but who wants a 4cyl charger?

[ - ] HeyJames 3 points 1.5 yearsOct 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 [op] 4 points 1.5 yearsOct 22, 2023 12:11:49 ago (+4/-0)

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

[ - ] Spaceman84 3 points 1.5 yearsOct 22, 2023 11:35:33 ago (+3/-0)

Niggers shouldn't get car loans

[ - ] FuckShitJesus [op] 4 points 1.5 yearsOct 22, 2023 12:12:16 ago (+4/-0)

Niggers should still be slaves.

[ - ] recon_johnny 1 point 1.5 yearsOct 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 1 point 1.5 yearsOct 22, 2023 14:56:21 ago (+1/-0)

Niggers should still be in Africa

[ - ] Spaceman84 0 points 1.5 yearsOct 22, 2023 14:59:07 ago (+0/-0)

Why waste an entire continent? Give them Madagascar and kill the rest.

[ - ] FuckShitJesus [op] 0 points 1.5 yearsOct 22, 2023 15:44:42 ago (+0/-0)

But then they'd just be Africans.

[ - ] GreenSaint 0 points 1.5 yearsOct 22, 2023 17:40:34 ago (+0/-0)

Cat lovers and niggers share many many traits they’re mirror images of each other

[ - ] Shotinthedark 1 point 1.5 yearsOct 22, 2023 16:57:10 ago (+1/-0)

Of Arabs in africa not in European countries

[ - ] Empire_of_the_Mind 1 point 1.5 yearsOct 22, 2023 15:42:19 ago (+1/-0)

literally anyone could see this coming.

[ - ] Looneyskiproony 0 points 1.5 yearsOct 23, 2023 10:26:32 ago (+0/-0)

Are you saying that nigger couldn't pay on the 7 year loan for his Escalade . Go figure.