Red Flags are starting to wave on subprime car loans

[pipeguy]

Interesting look at the auto financing market, including default rates.

http://www.msn.com/en-us/money/markets/could-subprime-auto-loans-lead-to-same-economic-catastrophe-a...

[Anonymous]

---

@pipeguy wrote:

Interesting look at the auto financing market, including default rates.

http://www.msn.com/en-us/money/markets/could-subprime-auto-loans-lead-to-same-economic-catastrophe-a...

---

Thanks for sharing.

[Anonymous]

---

@pipeguy wrote:

Interesting look at the auto financing market, including default rates.

http://www.msn.com/en-us/money/markets/could-subprime-auto-loans-lead-to-same-economic-catastrophe-a...

---

Not shocking at all.  We have too much of the belief that everyone is entitled to credit for mortgages and autos regardless of their past credit history and lack of a down payment.

[surferchris]

Thanks for the info.