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A comment on Car Repos Are Exploding. That’s a Bad Omen. Parent comment

Re:Car Repos Are Exploding. That’s a Bad Omen by Rury on Sunday July 10, 2022 @10:47PM (#32051617)
Maybe to take their one-time/limited stimulus payments, and then repossess when people can no longer pay?

I'm sure if they felt that they wouldn't be able to repossess, they wouldn't be nearly as incautious in extending the loan.

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Re:Car Repos Are Exploding. That’s a Bad Omen by cyberge99 on Sunday July 10, 2022 @11:36PM (#32051904)
Plus technology and some loan terms enable vehicle location and tracking on later model vehicles.
[ Parent | on HN ]