News@lemmy.worldEnglish · 11 months ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

125

244

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 11 months ago

125

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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afraid_of_zombies@lemmy.world
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11 months ago
Why wouldn’t they? You said it yourself, they will get bailed out. This is classic moral hazard. Once you remove risk of lose people will make decisions that are reckless.

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