The used-car market’s hot streak may be ending as borrowers struggle to make payments and regulators say some auto lenders are “setting up consumers to fail.”
No way! They wouldn’t do that! Oh no, they certainly wouldn’t structure their entire empire around intentionally seeking out those who won’t be able to pay off their loan, repo their car to “sell” it to the next person they pray on and repeat the whole cycle again! Never!
And then they default, and the loan holder is surprise pikachu face because who could have ever anticipated a subprime loan defaulting. Or worse who could have ever anticipated many of them doing it when the economy takes a minor downturn? It’s a gamble that they aren’t required to prepare for, and then they turn and stick their hand out for a bailout once the inevitable happens
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