subprime

Is The Subprime Auto Loan Bubble Bursting?

If you’ve followed the subprime auto story over the past couple of years, you’re probably well aware that the Santander
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3 comments on “Is The Subprime Auto Loan Bubble Bursting?

  1. Curt Tyner

    Loan $$$$ to almost ANYONE who CAN’T PAY IT BACK….What a gooood idea…Who pays? Let’s seeee….

  2. S. maltophilia

    What tells me something is wrong is that the mean balances are close to $15K across all the credit scores. Not necessarily that $15K is inordinately high (though many folks have never spent that much on a ride), but that the market bears similar loan amounts regardless of how likely it is to end up riding on the repo man’s flatbed.

  3. At least they are being transparent that the are loaning money to people without the means to pay it back. Unlike the housing subprime were they mixed crap into CDOs and the credit agencies marked it AAA. A favorite scene https://www.youtube.com/watch?v=UbDa3HXRU6Y

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