Not to mention the (current) alternative is an often shady/creative/aggressive repossession agent who in many cases[0] has the legal authority to go on your property to hook and tow the vehicle (often in the middle of the night). Even when they "don't" they often do anyway.

In a country with very high firearm ownership it's actually dangerous[0]. From a quick Google search violence breaks out pretty often[2][3] in these circumstances.

[0] - https://www.nolo.com/legal-encyclopedia/car-repossession-law...

[1] - https://www.youtube.com/watch?v=ti0NHC6oVnk

[2] - https://www.jacksonville.com/story/news/crime/2011/03/02/rep...

[3] - https://www.fox4news.com/news/repo-man-shot-while-trying-to-...