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Author Topic: WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE ~ Video  (Read 976 times)

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Offline corbe

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WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE ~ Video
« on: July 05, 2023, 05:11:02 pm »
WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE

Car Questions Answered

WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE
Carmax Can't Sell -   

 • CARMAX CAN'T SELL... 

In this video, we're going to talk about the auto loan crisis 2023. Not only are consumers NOT paying their auto loans, but banks are also in trouble due to the repo crisis.

This video is important because it'll help you understand the big picture of the auto loan crisis, and why it's such a big problem.

 
https://www.youtube.com/watch?v=lleC4CX1BDQ
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No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline mystery-ak

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Re: WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE ~ Video
« Reply #1 on: July 05, 2023, 05:15:46 pm »
Well the government should forgive all auto loans that are in arrears........../s

  4444car
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Offline corbe

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Re: WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE ~ Video
« Reply #2 on: July 05, 2023, 05:20:14 pm »
   People addicted to covid money are getting a shot of Reality, now.

   *I love my Mopar.
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No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline Gefn

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Re: WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE ~ Video
« Reply #3 on: July 05, 2023, 05:25:08 pm »
Bkmk
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Offline DefiantMassRINO

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Re: WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE ~ Video
« Reply #4 on: July 05, 2023, 05:28:38 pm »
There's an ADESA lot down the stree from me.  Next time I drive by on the highway I'll take a look to see what's in the lot.

Don't forget to blame the Federal Reserve: higher interest rates = lower asset values

 ////00000////

This is wonder and majesty of dis-inflation ... lender insolvency as collateral values decrease ... asset value death spirals as more cash is siphoned to lower risk money market funds, treasury funds, and bank deposits ... last one holding the debt loses.

« Last Edit: July 05, 2023, 05:34:15 pm by DefiantMassRINO »
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Offline corbe

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Re: WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE ~ Video
« Reply #5 on: July 05, 2023, 06:13:14 pm »
   You reap what you sow. 

   They (Used car market) were ripping US off for 2 years during the 'chip' shortage and supply disruptions on NEW Cars.  That is not Capitalism that is GOV picking winners/losers.




   The (Banks) will have to raise the fees on late payments to overcome this, much to Sen. Warrens chagrin. 

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No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline jmyrlefuller

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Re: WARNING Repo, Auto Loan CRISIS! Consumers Not Paying, Banks In TROUBLE ~ Video
« Reply #6 on: July 06, 2023, 08:19:54 pm »
Quote from: corbe on July 05, 2023, 05:20:14 pm
   People addicted to covid money are getting a shot of Reality, now.
As are the automakers who jacked up their prices to unsustainable levels.
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