There’s going to be an epidemic of car-related bankruptcies when the economy turns. https://www.wsj.com/articles/a-45-000-loan-for-a-27-000-ride-more-borrowers-are-going-underwater-on-car-loans-11573295400">https://www.wsj.com/articles/...
A $45,000 Loan for a $27,000 Ride: More Borrowers Are Going Underwater on Car Loans

Consumers, salespeople and lenders are treating cars a lot like houses during the last financial crisis: by piling on debt to such a degree that it often exceeds the car’s value. This phenomenon can...

https://www.wsj.com/articles/a-45-000-loan-for-a-27-000-ride-more-borrowers-are-going-underwater-on-car-loans-11573295400
As always, read @PamelaFoohey @BobLawless1 @DebbThorne on the phenomenon of being “driven” to bankruptcy https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3451565">https://papers.ssrn.com/sol3/pape... https://twitter.com/greg_shill/status/1193140501651902464?s=21">https://twitter.com/greg_shil...
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