This is not like a home mortgage loan which appreciates in value with every payment made towards paying off the loan.
Does upside-down ring a bell?
Very few homes don’t appreciate.
Of course subprime loans just killed off the housing market.
We should give people can’t afford a house or car - we should give it to them for free?
The reason the interest rate is so high is high risk borrowers are gonna default on their payment - and in the end, the lenders have to eat the losses.