Subprime Auto Loans.......................from Rico

Auto sales are helping to drive the failing American economy. Financed auto sales, since consumers do not have the cash to pay current prices.

- But subprime auto loans are about 20% of sales.

 

What could possibly go wrong with selling over-priced, rapidly depreciating assets, to people who cannot possibly pay for them?

- And in the next market crash, even the prime borrowers are going to have a huge problem paying their loans. Cue the tow trucks.

 

The fortunate few may be the ones NOT driving the latest-newest-coolest, and financed, vehicles.......but driving completely paid-for vehicles.