Well, you do if you can charge 25% interest. For a car loan.
“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.
After working overseas for the US military and others for 20 years, my credit score was reset to zero. You know what that means.
Only place that took me was a sub-prime lender with 39.96% interest. No choice. With no bus service it was either walk 10 miles each way in the Seattle winter or stay unemployed after I was replaced at Microsoft by an H1B Indian. (I was in walking distance to where I worked while at Microsoft)
Yeah most idiotic choice I made in my life, but no honest dealer would take me.