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1 posted on 11/14/2019 2:09:46 PM PST by LesbianThespianGymnasticMidget
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To: LesbianThespianGymnasticMidget

Bad debts are written off.


2 posted on 11/14/2019 2:10:36 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: LesbianThespianGymnasticMidget

I’ve been waiting to pick up a lightly used SUV cheap.


4 posted on 11/14/2019 2:12:56 PM PST by PGR88
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Perhaps if the stopped giving loans to delinquents, there would be fewer delinquent loans


6 posted on 11/14/2019 2:15:56 PM PST by dsrtsage (Complexity is merely simplicity lacking imagination)
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To: LesbianThespianGymnasticMidget

How much of that is from loans to “protected groups” who cannot be turned down lest the lender face discrimination lawsuits?


8 posted on 11/14/2019 2:16:53 PM PST by PapaBear3625 ("Those who can make you believe absurdities, can make you commit atrocities." -- Voltaire)
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To: LesbianThespianGymnasticMidget

All you have to do is observe what’s parked at Walmart to know how bad this problem is.

How the lenders are making money is baffling to me.


10 posted on 11/14/2019 2:17:12 PM PST by Mariner (War Criminal #18)
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To: LesbianThespianGymnasticMidget

What’s the point to this doom and gloom article?

Should the government step in and regulate auto industry interest rates? How about debt forgiveness like socialists want for student loans?

The real problem today in the auto industry is NOT subprime loans.

It’s the fact that a new car today has an average sale price of over 35,000 bucks. Even middle class 700 plus FICO scoring Americans who could buy these cars - Aren’t.


11 posted on 11/14/2019 2:17:21 PM PST by Responsibility2nd
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To: LesbianThespianGymnasticMidget
I wonder what the ethnic makeup and citizenship status of most of the owner's of these new car loans are?

No bailouts...

18 posted on 11/14/2019 2:26:31 PM PST by Envisioning (Carry safe, always carry, everyday, everywhere.)
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To: LesbianThespianGymnasticMidget

Save cash. Pay cash. Save cash.


19 posted on 11/14/2019 2:27:00 PM PST by coaster123 (Distrust everyone under fifty.)
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To: LesbianThespianGymnasticMidget

But its a Golden Age for the repo business.


20 posted on 11/14/2019 2:27:11 PM PST by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: LesbianThespianGymnasticMidget

Gonna be lots of cheap, slightly used cars soon. I don’t trust the owners so I won’t buy one, but college kids and poor folks are going to have a bonanza.


28 posted on 11/14/2019 2:43:47 PM PST by Freedom_Is_Not_Free (What profits a man if he gains the world but loses his soul?)
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To: LesbianThespianGymnasticMidget
I see alot of people driving new looking SUVs and wonder how they can afford them. Maybe they can't.
30 posted on 11/14/2019 2:45:26 PM PST by McGruff (Does no one is above the law apply to Democrats?)
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To: LesbianThespianGymnasticMidget

My old man would pick up a car for 100-200 bucks, tinker with it if it needed tinkering and do just fine. When the car died, it was no big deal to replace it. No bankers needed. Simpler times.


34 posted on 11/14/2019 2:47:52 PM PST by LouieFisk
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To: LesbianThespianGymnasticMidget

Hmmm, could use a new work truck. I wonder if the price of used stuff will come down?


35 posted on 11/14/2019 2:48:27 PM PST by TalBlack (Damn right I'll "do something" you fat, balding son of a bitc)
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To: LesbianThespianGymnasticMidget

Trump’s fault.


37 posted on 11/14/2019 2:50:17 PM PST by JohnnyP (Thinking is hard work (I stole that from Rush).)
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To: LesbianThespianGymnasticMidget

Those $85K F-150’s must have something to do with it.


40 posted on 11/14/2019 2:53:39 PM PST by Attention Surplus Disorder (Apoplectic is where we want them)
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To: LesbianThespianGymnasticMidget

The diversity-finance complex crashed the world economy in 2008. The profits must be astounding because it looks like a repeat.


44 posted on 11/14/2019 3:01:35 PM PST by RegulatorCountry
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To: LesbianThespianGymnasticMidget

No sleep for the Repo Man.


47 posted on 11/14/2019 3:06:00 PM PST by Trumpnado2016 (Welcome to Trump World.)
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To: LesbianThespianGymnasticMidget

Good. I’m starting to look for a good used car. A little higher-end at a lower price is just gravy.

GO REPOMAN!


48 posted on 11/14/2019 3:06:31 PM PST by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.")
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To: LesbianThespianGymnasticMidget

Da ja vu all over again.
Spelt wrong, Yogi forgives me.


49 posted on 11/14/2019 3:07:30 PM PST by hadaclueonce ( This time I am Deplorable)
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To: LesbianThespianGymnasticMidget

Thanks to over regulation, cars are becoming unaffordable, as planned.


62 posted on 11/14/2019 3:39:21 PM PST by fruser1
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