Pandemic Car Buys, Rising Interest Rates, and High Gas Prices: A World of Hurt for Lenders
Perficient
MAY 17, 2022
In today’s mixed up, muddled up, shook up world, a business model that encourages — and even desires — some level of repossession can provide substantial profits to the lender (depending on state regulations). In 2021, subprime delinquency rates hit the highest mark since 2009. new vehicle purchases, there is one car repossession.
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