Trying to understand what you are saying and when these 'rates" were available. Not these days unless bought down with prepaid interest.

Well, that's what my research turns up.

I think that is the percentage of their business in those investments

OK, I see. That was a tough read for me or so I thought. Then when you pointed it out, I read it correctly.

Um...that is the rate of 60+ day delinquencies in 2023 based on type of vehicle loaned against. The same types of percentages that I was talking about through the entire post.

60+ days without a payment for a vehicle loan in the United States. Indicative of loans ready to be defaulted on.

Oh, I did not read the original article. Original article is talking just about sub prime, Mr Bradshaw is putting the prime and sub prime in the same basket, which is going to pull the rate up quite a bit.

Talking about two different things, little wonder the numbers would be different.

What in the world are you talking about? I'm the only person in this entire thread who has shown a SINGLE factual number, and the only one who was done ANY research, just so that you don't have to worry your little head about the impending economic collapse from people not paying their car loans.

I am not worried a bit, find it interesting. Sorry to have read what you posted and compared it to the article linked. I won't do it anymore as it appears to cause you some distress.

Correction definitely coming

Nothing but a minor blip in terms of the "market" .... miniscule. NOTHING like the housing subprime fiasco...

Repo them ... eliminate the "easy credit" (i.e. never return to near 0 Fed rates), and let the dust settle. Those ultra low rates and lending to folks who were suspect was VERY profitable .... the burger was free on Friday.... but now it's Tuesday.... pay up ;)

signed....

Wimpy

^^^

I don't know, I am sure there are tons of synthetic CDO's on car loans.

Totaling hundreds of dollars. :)

<iframe width="1280" height="720" src="https://www.youtube.com/embed/Pxr_FzpPM2Q" title="The Big Short (2015) - Selena Gomez Teaches CDOs Scene (8/10) | Movieclips" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

And no one wants to buy this piece of paper that sez my $25K car is worth a million bucks either (like houses were .... leveraged 40X) ;)

https://www.investopedia.com/terms/f/fractionalreservebanking.asp
https://en.wikipedia.org/wiki/Money_as_Debt