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A comment on Americans Crushed by Auto Loans as Defaults and Repossessions Surge. Parent comment

Re:Americans Crushed by Auto Loans as Defaults and Repossess... by lifestyleguru on Monday September 15, 2025 @05:42AM (#45247857)
Most new cars in Eastern Europe are leases owned by banks. People buy brand new cars for themselves with cash every 15-20 years. The rest is importing totaled cars from Germany, Netherlands, and US of A.
[ Parent | on HN ]
Re:Americans Crushed by Auto Loans as Defaults and Repossess... by rchaud on Monday September 15, 2025 @07:40PM (#45256291)
That's how new car purchases work in the US too. Unless you pay cash, which few people do, the car belongs to whichever entity granted the loan to purchase it.
[ Parent | on HN ]