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A comment on Millions of Americans skipping payments as wave of defaults and evictions looms. Parent comment

Re:Millions of Americans skipping payments as wave of defaul... by londons_explore on Wednesday June 03, 2020 @06:59PM (#23409997)
Auto loans should allow you to return the vehicle and walk away... They should be more "rent-to-own".

In fact, in my opinion, all secured loans should be this - you should be able to hand over the security to the lender, and walk away without penalty.

[ Parent | on HN ]
Re:Millions of Americans skipping payments as wave of defaul... by _jahh on Wednesday June 03, 2020 @07:30PM (#23410327)
what happens if you crash it first it or ding it up or run it as an uber and have lots of trash passengers? you're talking about leases vehicles which already exist.
[ Parent | on HN ]
Re:Millions of Americans skipping payments as wave of defaul... by quickthrower2 on Thursday June 04, 2020 @04:54AM (#23414270)
Well look at it this way: hiring a car is a thing. Avis etc. They sell lower excess too.
[ Parent | on HN ]