“Well, you do if you can charge 25% interest. For a car loan.”
My wife parents got divorced in the mid-late 70’s - her mother bought a small townhome (she had a great job) @ 17.5% — and it was a good rate for the time...
Jimmy Carter lost his job and the USA has been better ever since.
Well the fly in the ointment is, if too many of these cars are repo’ed, then, even at 25%, they may not be able to get the neccessary value out of the car (the whole supply and demand thing). Sort of sounds familiar....