|
The problem isn't with subprime lending in and of itself, its how far below perfect the borrower is & how likely they are to default on their payments. And car payments are usually the last thing that someone will skip on: you can live in your car if you have to, but its pretty hard drive your home to work.
__________________
Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________
Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors......
........and HE WOULD KNOW!!!!
__________________
Camaro Fest sub-forum |