In a Subprime Bubble for Used Cars, Borrowers Pay Sky-High Rates

Posted: July 21, 2014 in Scoop.it

Millions of Americans are receiving auto loans they cannot possibly afford, in a lending climate marked by some of the same lack of caution seen in the housing industry before its 2008 implosion.

Source: dealbook.nytimes.com

Here we go again…

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