Thread 520197244

>According to CU Repossessions’ analysis of the Recovery Database Network, more than 2.2 million vehicles have already been repossessed this year, and that number is expected to climb past 3 million by the end of 2025.
>“If people aren’t getting raises or new jobs, they could be impacted in terms of their ability to make payments, particularly with the cost of other products increasing,” Gin explained.
>With inflation continuing to drive up the price of housing and food, Gin said many households may be pushing car payments lower on their list of priorities.
>Gin said it’s too soon to tell whether repossessions will continue to climb or start to level off. But he warns that when Americans can’t make payments on something as essential as a car, often their main way to get to work, it’s a sign of financial stress across the economy.

https://www.cbs8.com/article/news/local/car-repossessions-surge-to-15-year-high-raises-concerns-about-economic-recession/509-d24f53ea-ce27-4686-be59-eea79430b39a

>>520197244 (OP)
Bump

This is great news

>>520197244 (OP)
Didn't Biden make banks give loans to illegals?

>>520197244 (OP)
Nigger in a benz

>>520197244 (OP)
That is kidnapping.

NVIDIA is 5 trillion now goyim, economy is doing great. trust in blompf.

>>520197244 (OP)
Wife and I both traded our 2021 Rogues in for a 2025 Platinum Pathfinder and cashed out some stocks to make up the difference in price...

Clean title, fully owned, no repo.

Both of us retired in our 50's.

WHITE POWER.

>>520197244 (OP)
I blame niggers

>>520197244 (OP)
A flood of relatively new cars hitting the used market, giving us tons of cheaper options that don't involve a 30 year fucking mortgage for a car?
Count me in.
I will NEVER pay more thank $400/mo for a car payment.

>>520198448
Get off of /pol/ old man

>>520197887
Agreed
This collapse is taking far too long

>>520197244 (OP)
>its a Mercedes
Just get a cheaper car with more affordable car payments. I know some people paying $1000+ a month for their car payment.

>>520198661
Eat a bag of dicks millennial...we're spending all of our money too so you don't get shit.

>>520198661
>Car paid for
>House paid for
>Student loans paid for
>Nothing to do but pop viagra and fuck all day

BAHAHAHHAHAHAHAHAHAH ENJOY THE SLIPPERY SLOPE TO ECONOMIC OBLIVION LOSER.

>>520197244 (OP)
>both cars paid off
>bought my house in 2011
>bought home with cash, no mortgage
>no credit card debt
>be married for 12 years
>have two kids

Waiting for the next crash to make my next investment growth. Im thinking buying a summer home in New England and some rental properties in Las Vegas.

>>520197244 (OP)
Not across the economy, just the legacy little people part. The 20% millionaires are doing extremely well. We will get maided though, our kids will be picked apart in lab experiments to create bio actuators for AI.

>>520198852
>I know some people paying $1000
I pay less than that for two cars lol

>>520198900
50 year olds are millennials, retard-kun

>>520198448
>Nissan

>>520199253
A Raptor Ranger, Tundra TRD Pro, and a x7

>>520199061
>some rental properties in Las Vegas.
Las Vegas is dead. Zoom zooms don't go to casinos or drink alcohol.

>>520199705
Based zoomers

>>520197244 (OP)
As a car dealer, can't wait to help these people rebuild their credit they were dumb enough to destroy.

>inb4 kike

100% Irish American with family roots in county Cork, so I am more a pale nigger actually.

>>520198603
Yeah but, they were minority owned so you can bet the oil was never changed, probably needs new shocks all around, tires, brakes etc al and you will never get the monkey smell out of the interior

>>520197244 (OP)
Good the poor should stick to public transportation.

>>520198448
Nissan is the official nigger brand of the USA. Everyone knows it, even the salesmen.

Niggers
In
Suits
Selling
Another Nigger A
Nissan

I've been saying that automakers are doomed for like 3 years now.
People poo-pooed me back then, but now everyone is seeing it play out in real time.
There has not been one new thing that they've come up with in the last 15 years that has been a true value-add.

Every piece of new tech they put into these late model vehicles represents a negligible improvement to the user experience and at the same time needlessly complicates and drives up costs of individual parts and components, or creates a single-bid bottleneck for dealer-only maintenance and repairs, or tethers an amenity (like in-dash navigation, remote start, etc) to a monthly subscription payment so that the manufacturer can continue to tax you for the vehicle you've chosen to buy from them.

This is part of a broader trend in products manufacturing by western companies.
One of the iron laws of design and engineering is Occam's Razor:
>Accomplish the task by the simplest, most efficient, and least costly means necessary
Most mechanically-driven consumer products were optimized decades ago.
There is no need to tether proprietary network-integrated digital circuitry that relays data to the manufacturer to a mechanical part or system; that makes the product worse for the owner, not better.
A car needs to be simple, relatively fuel-efficient, and require as little and as simple a maintenance schedule as possible.
It needs to go, stop, and maybe play music if you have to be in it for a while.
Any add-ons or "tech advancements" beyond that are completely superfluous and provide no real benefit.

>>520198603
>Admitting you will never be able to pay cash for a car
>admitting you need the tribes to finance your car purchase
>admitting the idea of a $400 payment causing you emotional pain

And here you are flexing in the mirror as a skinny fat unironically

>>520198791
2 more weeks till you don't have to stare the reality of being a loser in the face all day every day

>>520198448
>white power
>buys a nig mobile
is this ironic? I honestly can't tell, especially with the pic.

>>520200070

Wow great fucking post, me.
As usual.
>>520200153
>>520200222
>>520200566

>>520197244 (OP)
companies don't care

they refuse to raise wages and the government never talks about going above the FEDERAL min wage of $7.25 an hour, which is pathetic

>>520200810

Minimum wage is the ultimate form of price fixing, and price fixing is always a fucking retarded behavior with terrible consequences.
Only two people have a say when it comes to the wage paid: the employee and the employer.
No one else's opinion is relevant.

Your actual beef, whether you realize it or not, is that people who are willing to trade an hour of their time for $7.25 (or less) are living in the United States instead of India or the Philippines or Guatemala where they belong.

>>520200070

I SAID GREAT FUCKING POST, ME.
AS USUAL.
>>520200810
>>520200566

>>520197244 (OP)
Is that good or bad?

I am curious how many were because the owner was deported.

>>520202136
I said great post, me.
>>520200070

with a car, you can go anyw-ACK

>>520202310
With eyeballs, you can read my post.
>>520200070

obama destroyed the used car market
i want small, cheap trucks.

>>520198448
Traded one turd for a fatter turd

Economy numbers are gonna be fucked come holidays without all these illegals creditmaxxing

>>520203704
>>520204098
>>520204141

Guys read my post and respond, I'm tired of fucking asking.
>>520200070

>>520204325
no

>>520204357

Not an acceptable response.

>>520197244 (OP)
>nonwhite youth reaches record high

>>520198448
>not leasing a rust prone pathfinder

My wife's qx60 was returned looking like it sat at the bottom of the ocean. You cant even change a headlight bulb. If one goes out you need a new $3000 headlight housing. Lol, lmao even.

all those nissan versas, lost from hoods
like fent in crack...

>>520197244 (OP)
Why should I care if ghetto fucks are not paying for their cars?

>>520197989
And Obama, don't forget Obama started the
>Banks are not allowed to say no to an Illegal
thing

>>520197244 (OP)
What's happening is similar to the 2008 collapse, except this time with vehicles. Debtmaxxers are being approved for high-interest loans they can never pay off.

like fent in the carpet

>>520197244 (OP)
>>“If people aren’t getting raises or new jobs, they could be impacted in terms of their ability to make payments, particularly with the cost of other products increasing,” Gin explained.
What insane jewish pilpul.
PAY YOUR BILLS

>>520199705
Yet the state if flooded with Californians willing to pay 2k a month for a two bedroom apartment.

>>520198991
>dick don't work
Lmao imagine relying on the pharma jew to fuck

>>520205772
>$160,000 for a Dodge Ram with 6000miles on it
What the fuck am I even looking at?

>>520205867

It's not a bill.
The buyer/borrower made an unsecured agreement to be paid later by a counterparty.
They gave you the thing they agreed to give you in advance; you already have it, and don't require any further performance from them.
If paying them creates undue financial hardship on you, just don't pay them.
There is no moral onus on you for doing so; they're the ones who made the mistake of entering into an unenforceable contract with no security.

LMFAO
america is like Russia but after it won in a sweepstakes lottery grand prize. XD

>>520205772
>>520206192
My brain can't into this. Halp.

>>520198448
There isn't a bigger scum on earth than a Nissan SUV driver. The lowest form of subhuman filth on the roads. You are literally all the same, no turn signals, speed limit in the left lane causing double lane traffic, unaware of your surroundings and almost always middle age whites that don't know anything about cars, or niggers, or asian women. Filth.

>>520206240

seller/lender*

>>520198448
I bought a 2024 F-250 a few months ago too.
But we fucked up anon, the market is softening on new cars right now due to this, if we both waited a few months to buy we both would have gotten better deals.
Oh well, hindsight is 20/20

>>520197244 (OP)
>every paycheck I buy silver/gold
>only cash in the bank is for bills + small spending amount
>meanwhile, my "home savings account" is growing in value

I should have done this shit decades ago.

>>520206324

Don't forget Altimas.
The thing that really drives me to genocidal impulses is the ultra-late lane change before making a turn, where you leave the ass of your vehicle hanging halfway into the lane you just left, blocking every car in it behind you.

>>520206240
Or how about don't try to buy something without knowing you can pay for it. This is how jews own you.

>>520197244 (OP)
https://news.dealershipguy.com/p/tricolor-the-messy-collapse-of-a-subprime-auto-lender-explained-2025-09-16
(The article is only representing the news of the Tricolor bankruptcy.)

>>520206464

New automobiles are a shitty value prop, regardless of the price or the terms you buy them under.
see
>>520200070

>>520198448
How old are your kids

>>520205772
and the approving company goes bankrupt, who would have thought ...

>>520206324
>uses turn signal
>tailgates faggots in left lane who drive slow
>hates niggers and Jews
found the assuming faggot

>>520206694
Don't sell it to someone who won't be able to pay, shlomo

>>520206694

I did pay for it.
I gave them whatever they required of me to hand me the keys to the vehicle.
Is there some component of this you're not understanding?

>>520206693
The super tinted altima or maxima always has a nigger behind the wheel

>>520197244 (OP)
there's a nigger in the drivers' seat of that car or I'll eat my hat

>>520206764
I bought mine because I was sick of being stranded by my 2004 f-350 with a 6.0L, which is a very problematic engine. It's is also used for work it and generates revenue for me by allowing me to tow shit and also allows me to work in remote areas without costing me downtime or having to pay to get it towed, like my older work truck.
But otherwise, yes they are a depreciating "asset" you aren't telling me anything I am not already aware of. As far as the tech angle is concerned, it's a 6.7L powerstroke, it's very proven engine and one of the few modern engines that can do 1,000,000 miles if taken care of.

>>520197244 (OP)
>I'm in a bind, Nate!
I can fixes that there car note! Thas sho nuff!
All 18+ ladies wit a car note, call Fixes Binds LLC!
We finna work out a deal!

>>520206693
Old Altimas were badass I had a 93 drove it until it was rusted out. Other than replacing the shifter I never had one issue. Even got t boned by an antelope in Wyoming doing 85 and it still drove like a champ. Miss that car.

>>520207070

No work expense or tax write-off justifies owning a vehicle with an alternator or fuel injection system tethered to a software key than only a dealer can unlock to repair or replace it.
They are literally manufacturing products in a way that purposefully keeps you tethered to them and paying them over time.
You should have bought a 2012.

>>520197244 (OP)
Imagine not only buying a Mercedes on financing you can't afford but then being so irresponsible you don't break off the financing and have it repossessed. Surely there were cheaper cars than, what's that, a GLC or something?

>>520197244 (OP)
I live in a deep red area, voted for Trump 3 times, and work in a data center. I was at my local pub last night. The look on everyone’s face was despair and hunger. Most of them already lost their jobs due to AI and the Trump recession. I bought a round of drinks and one of the older guys said, “things were so much better when Biden was president. I haven’t eaten in days and really need those food stamps.”

When I left, I noticed a bumper sticker on one of the lifted trucks saying “Should’ve voted for Harris. Honk if you agree!”. I honked as I drove away.

This is bad. Really bad.

>>520207687
Yeah. Its pretty crazy. They couldve gotten a car 1/3 that price

>>520207373
Show me a single instance of an alternator or CP4 not working due to the OEM remotely disabling it
>you should have bought a 2012 with 150,000 miles on it
no thanks I'm good
my brother in law has a 2018 one that he put 200,000 on and still works that truck hard with no issues other than he smoked the tranny due to him being an idiot and using a 700hp tune while towing heavy
I also still own my 2004 F-350 and can still use it as a backup.
Besides, unless you are buying an old 5.9 cummins or some shit that is purely mechanical or something similar all of the shit is still far more connected than you realize, even the 2012 models. Ford started that back in 1997, GM did that back in 1994.
No offense, but you I know more about this subject than you do.

>>520199326
no, but 40 year olds are

>>520197244 (OP)
All dem Hellcats, Altimas, and 300s...

>>520200070
>>520200776
>>520201323
kek, check out the jew boomer talking to himself

>>520207984

No you don't. I am the President and CEO of Ford Motor Company. We make garbage products and purposefully swindle out of customers by needlessly integrating computers into mechanical processes our predecessors perfected in the 1980's.

>>520207984
>>520207373
Also worth noting, if you want to disable modern cars telemetric data, you can literally pull the fuse for the modem it uses, if you want to go further you can physically remove it.
Vehicle will still run. Possible they hide shit in the ECM however, like I said, they have been doing this for a lot longer than people realize. There are cases of feds demanding locations from onstar all the way back in 2007 and beyond.

>>520208279
Well my uncle works for Nintendo.

>>520200070
yeah some of these businesses have reached their maximum potential, deliver the maximum utility and just can't grow any more

>>520206314
Many such cases

>>520197244 (OP)
>600 grillion guns
>Car repossession surges by 23%

Hear me out

>>520198448
>bragging about buying niggsan cuckovers and ess-you-bees.

>>520206314
Here's the psychological explanation.

>>520208295
Have fun voiding your manufacturer's warranty.

>>520208322
Glad to see I'm among qualified, likeminded individuals. Wish the armchair expert above would quit pretending he knows things.

>>520198448
>I grew up in a time of prosperity look at all I was handed!
ok boomer

>>520198448
$55k on a shit car?
Ask me how I know you’re retarded. You’ll be lucky to hit 60,000 miles before you have to drop $10k into it.

I moved in a new apartment complex that was nice and quiet since it had just recently been built, 1 bedrooms going for around 1800 a month. It was nice for 6 months, but on that 7 month all of a sudden a bunch of niggers showed up out of nowhere and literally filled ALL of the vacant apartments. By the 8th month I had to listen to cars getting towed every single night at 2-3 in the morning. Been here for 14 months so far and I still have to hear cars being towed a couple times a week. What I'm wondering is: where do niggers get all of this money from and why can't they pay their car notes or repair them? How are niggers living in decently nice apartments but have piece of shit cars that sit in a parking spot for a month or cars they haven't paid for in months?

>>520208501
Aww did little anon get asshurt that he got told off by someone who knows way more than him?
Don't feel bad anon, I have that effect of lots of people.

>>520208196
Valid points as far as I’m concerned.

>>520197244 (OP)
do tow trucks have to provide any proof for why they take a car?

>>520197244 (OP)

> HAY, CAR REPOS AFFECT WHITE PEOPLE TOO, MAN!

>>520208596

Hey wait a minute, what happened to all that "no offense" talk??

>>520198448
>CASHING OUT STOCKS FOR A FUCKING NISSAN

LOOOOOOOOOOOOOL study a fucking depreciation curve, thats like bragging that you made a smart financial decision buying a luxury car

>>520208771
You admitted you were Jim Farley and now I am mad at you for getting rid of the cool looking headlights from the 2022 models and prior.

>>520197244 (OP)
this is my mercedes. give it back! you can drive your shitty tesla shitbox haha.
>uhh le economy of le germbros is toast bros
why are these cars everywhere? do you people even listen to what the fuck youre saying?

do you just post random shit because youre literally this retarded? sorry i dont get it! its probably the latter.

>>520200070
My 2007 Volvo V50 does everything as you wrote.
- leather seats w/power function memory and heated not requiring a gay subscription.
- Zero screens anywhere including stereo.
- waterfall design center console only features an 8 bit screen with the options of: homesafe duration, audio settings, and car VIN.
- premium stereo for subs stock
- analog gauges
- safest wagon better than some faggy Corolla crossover, Mazda CX, etc… Volvo’s SIPS, whiplash protection, front structure passing small overlap crashes both sides unlike VW & Toyota only strengthening driver side only.
- Mostly mechanical turbo inline 5 cylinder, even the turbo control valve is mostly mechanical.
- STOCK XENON HEADLIGHTS THAT BULBS CAN BE SWAPPED. No sealed LED blindomatic 9000 for oncoming traffic costing $1000 dollardoos to replace.
- Stylish wagon with cargo room for kids, lumber from Home Depot, and roof racks
- AWD Haldex that is reliable as long as you maintain it.

Modern cars are trash.

le mercedes is made in america bros trust us on that one you see this sticker here? IT CLEARLY SAYS ASSEMBLED IN THE USA, you fucking retard!

ha rekt stupid kraut!

you drive our cars because WE make the BEST automobiles on the entire planet and theres nothing you can do about it.

>>520209128
BMW is good. But Mercedes is mid and VW/Audi is complete shit.

everyone wants to drive german cars, youre broke? you get the shitbox in ops picrel, you have money get a maybach.

german cars are fantastic. mutts cope and seethe like teapots because they cant beat germans in anything. thats too bad!

>>520208348

It's not that they can't grow anymore.
Their new growth frontier is offering amenities and add-ons to vehicles that are marketed as a value-add but actually just cost way more than they're worth in the long run.

I couldn't give less of a fuck about F-250 Guy's individual experience with his specific vehicle's Child Pornography-4 or alternator or whatever.
I made up an example that's overwhelmingly accurately representative of an overall trend.
That trend not only present but a focal point for every auto manufacturer in the modern era, except for maybe Ineos. And that company only exists because it was a billionaire's hobby/pet project.

>>520197244 (OP)
>tfw havent made a car payment on my 2nd car in 6 months
>in finances name
>move residence
>Park car in underground 6 car garage
What can these finance cucks actually do? They obviously can't find the car. And being underground I don't think any kind of lojack shit will work with the satalites.

>>520197244 (OP)
retard doesn't need to damage his car to keep it. all he has to do is sleep in it and they can't tow the car. order door dash to the car and out-camp the tow driver.

if they tow the car with you inside that can be considered kidnapping, then you can sue the tow company. with that settlement money you can just pay the bank note on the car and kill two problems with one stone.

instead this retard wants to fuck up his own car in the process.

>>520208925

Sorry about the new shitty-looking headlights. Retrofit and replacement is available as part of our premium monthly subscription package.

youre all cuvked by our grandiose automobile manufacturerers youre all my bitches.

>>520209128
Sweden makes the best cars for cruising, families, and general use. BMW is best at performance/racing/track day.

even when you bomb all our pipelines and flood everything with the blackest monkeynigger gorillas you can find in earth WE WILL STILL BE WINNING OVER YOU MONGREL ANGLOS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

>>520209128
>you drive our cars because WE make the BEST automobiles on the entire planet and theres nothing you can do about it
Japan makes the best cars in the world. And it's not even close. You fags even kvetched about Mazda dominating F1 with their superior tech and changed the rules so they couldn't use that tech to compete with your antiquated failtech.

THERES NOTHING YOU CAN DO ABOUT IT!!!!!!!!!!!!!!! we build germany twice in the same time haha you fucking idiots!!!!!!!!!!!!!!!!!!!

>>520197244 (OP)
Illegals not there to make payments.

i am pleased to see that you all accept to be my bitch. this is the place you belong, very good.

>>520209300
Wow. Why didnt you make the payments? Maybe they cant find it in the garage but if you're at the grocery store and parked they could grab it from the parking lot

>>520197244 (OP)
it absolutely boggles my mind that you can miss one payment and your car will be taken away from you in US, forever
the payments you made up to that point? gone
insane country

>>520205772
Surely no one actually signed that!

>>520200016
Kek maximus
I love it

>>520209602
Based and inference pilled.

>>520209270
My point is telemetric data has been a thing for a lot longer than you realize. Even 2000s cars that everyone itt are creaming their pants over had some form of it.
CP4 is the injection pump these trucks use.

>>520209382
Go OD on coke like your cousin Chris (no really the current CEO of Ford is Chris Farley's cousin)

>>520209544
you are drunk hans go home and sleep it off
also FUCK VW worst fucking cars in the world complete trash you would have to pay me to drive one

>>520200070
>Any add-ons or "tech advancements" beyond that are completely superfluous and provide no real benefit.
you're right, they don't. But you're assuming the consumers/customers are rational, and they aren't, and there are huge marketing departments working them. People who want new cars for status and don't care a lick about how they work or repair because they will buy another one in 3 years, dumb foids sold on some BS safety enhancement, stupid broccoli heads who are too young and dumb to know anything but enshittified subscription based everything. People will demand government subsidies for cars before they ever demand the automakers stop this shit.

>>520197244 (OP)
>If people aren’t getting raises or new jobs, they could be impacted in terms of their ability to make payments, particularly with the cost of other products increasing,” Gin explained.

Why?
That means they literally have 0 $ left each month

>>520209651
lol it's not one payment. i had a situation where something broke with my autopay and i didn't catch it for a couple months.

it was basically two months before they threatened to repo it. i did work it out with the bank so they didn't report it as late payment with the credit agencies.

i had a perfect track record up to that point so they figured it was something out of the ordinary instead of me just being a flake. then again I have 720+ credit score and i have a feeling this person isn't close.

>>520198448
It’s weird imagining 50 year olds typing stuff like this out and browsing this board

>>520209910
Why not call them and offer to make up the balance that you owe? Can you afford that? Maybe you could get back on track

>>520209508
I like made in Japan cars. I dont trust anything else.

>>520209907
Sorry to hear your broke-assed dem riddled states relied on illegals to keep them going.
Illegals are gone and so is your grift.
Get fucked.
>blah, blah, blah they are not broke
BOTH YOUR NYC AND CALI GOVENOR SAID AT THE END OF COVID THEY WERE TOO POOR TO REOPEN THE STATE BUT YET THEY DID.
You should thank the rest of the us taxpayers that the bribin administration autopen'ed them the money to do so.

>>520210159
I did, it wasn't about not having the money it was just an automated process that fucked up. So once I sent the missing payments it was fine. I just didn't want the ding on my credit.

>>520209651
You also can still owe money on the loan after the repossession. The car will get sold and whatever the difference is between the sale price and the balance of the loan will then be charged to the debtor. A deficiency letter to let them know how theyre deficient. Its also not one payment and some lenders are more reasonable than others, especially some credit unions and will still work with someone even after 6 months of missed payments

>>520199705
Trump is trying to save Vegas by making nuke testing legal again.

Shieeeeeet

>>520209744

It's not so much telemetric data relay. All companies collect data as a business practice. You can make an argument that it is the best form of customer feedback possible.

I drive an old beater, but I have plenty of friends who make enough money that they purchased new cars within the last few years.
Nearly all of them gripe about being forced to go to dealers for "proprietary" repairs to the digital dashboard/UI system, digitized controls, having to pay monthly for software-based junk, etc.
It's gay. Lame and gay.
There is such a mountain of demand for simple, no-frills automobiles that you can take to any Mexican with a lift jack to repair, but manufacturers are so entrenched with each other and with government that they block US sales of these types of vehicles that THEY ALREADY PRODUCED FOR SALE ABROAD.

>>520209754
Poor brown retards will always walk into the dealership and ask one question and one question only:
>How much is my monthly payment?
Not for how many months. Not what is my interest rate. Not how much is maintenance going to cost me. Nothing else. Those people can't be helped.
But for the bucket of rational consumers who aren't positively obsessed with a vehicle as a status symbol, I believe that there is a huge hole in the market, and the worm is on the verge of turning. See above.

>>520210531
Tylenol is a helluva a drug

>>520210374

No lawyer or financial advisor would ever advise a person in this situation to pay that balance.

>>520198603
>I will NEVER pay more thank $400/mo for a car payment.
this was rent within 10-15 years of now. holy fucking jew economy.

>>520197887
>NO YOU CAN'T RECOGNIZE THE ONLY THING THAT CAN CAUSE POSITIVE CHANGE NOW IS EVERYONE BECOMING IMPOVERISHED DUE TO A MEGA DEPRESSION WHERE NOBODY GIVES A FUCK ABOUT WHETHER SPOOKS TARGET THEM OR NOT ANYMORE AND WE REMOVE EVERY LAST BILLIONAIRE AND THEIR 5TH COLUMN USEFUL IDIOTS YOU'RE JUST A CHUD ACCELERATIONIST

Bamp

>>520205772
>new
>6037 miles

>>520211981
Deficiency letters can show on credit reports as unpaid debts and impact the credit store and could impact the person's ability to get credit while they have this unpaid debt on their credit report.

>>520198852
I have a lexus and pay 355/mo, people are retarded and buy new instead of used

>>520197244 (OP)
Bankruptcies are WAY up across the board.

>>520212771
They also put no money down. Last car i bought i put $18k down, about half the cost of the car, and the finance guy at the dealership kept talking about how $18k is a lot to put down and that most people dont put anything down or maybe a few thousand. At the time I was thinking like wtf this is bad, $18k is not that much. Then he mentioned people who trade in cars that they still owe on and get a new loan to cover the cost of the new car and what they owe on the old car. As long as the dealer can get financing for the sale, they dont care. They made their money and the loan is someone else's problem.

>>520211442
Yeah the digital controls are annoying, but at the end of the day I wanted a truck with 0-10,000 mile range and not 150,000+ with a transmission on it's last legs from years of abuse. You aren't wrong though, but in this particular case I am not worried as body control modules and whatnot seem to be pretty robust and don't have issues on these trucks. If they have issues at all it's usually a faulty ground cable. But these trucks haven't really changed in the last 8 years besides the superficial shit like the aesthetics of the 10 speed transmission (jury is still out on this one but it does worry me a bit ngl). But Forscan is free and I have buddies who work for Ford anyways, so I am not too worried beyond the transmission.

If you really want to go down the planned obsolescence rabbit hole, look at all the shit that the OEMs have been doing with transmissions making valve bodies that wear out or separator plates out of paper. And this is not new, they have been doing this for decades. They want to make shit intentionally fail right outside the warranty period so customers must pay for expensive service or buy a new vehicle.
I am just saying, with a little know how, you can out smart these assholes.

>>520200070
>>520200776
>>520208196
he does that shit every time he posts. probably a bot.

>>520212644
>>520212644

You would probably be surprised to learn not only how quickly the downward influence of default or deficiency falls off of one's credit record, but how willing lenders are to just ignore them.
It generally happens within a year or two.
Credit bureaus are by no means impartial or independent; they exist because of lenders, not borrows, as that is from whom their livelihood flows.

The vast, vast majority of lenders do not want borrowers excluded from applications and consideration for loans, unless they are literally fresh off of welching on a lender.
Our entire credit system is based on naked usury. It really is just a numbers game: sign as many borrowers up for loans as possible at a given interest rate, and the ones who continue to dutifully pay even when they are totally underwater/upside-down will pay for the ones who tell you to go fuck yourself and whom you have to sell to a secondary or collections agency for 8-12 cents on the dollar value of the loan.
It's just like the run-up to 2008: they don't want people excluded. They want to originate as many loans as possible along every point of the risk curve, so they can turn around and sell them to a bank or financial institution looking to book and securitize them.

>>520213462
>aesthetics or* the 10 speed transmission
whoops that's a pretty bad typo

>>520197244 (OP)
>give out loans like mad
>people can't pay it back
>see the sign and cash out your stocks and invest in gold
>bank crash
>taxpayer stuck with bill
>repeat
you guys aren't gonna make it back from that. I guess China will become the new USA, although maybe they too are spiraling.
EU wins by doing nothing, how nice

>>520213485

I'm not a bot, I'm just an egotistical faggot who doesn't abide being ignored when I effort post into the ether for benefit of all of you retards.

>>520206324
>speed limit in the left lane
It's the maximum allowed speed you can go anon. Just because you are a criminal that likes to break the laws doesn't mean everyone else is. It's also ironic that you call him scum because he is stopping you from breaking the law, like the criminal scum that you are.

>>520213559
>They want to originate as many loans as possible along every point of the risk curve, so they can turn around and sell them to a bank or financial institution looking to book and securitize them.
I agree. My point is just that not paying the deficiency is not without consequences. Not everyone wants to play the game of dealing with collection agencies. I dont think theres a right or wrong regarding paying it or not, depends on how the person wants to handle it

>>520198384
Technically, if you're inside of a repossessed vehicle without permission, you're trespassing.

>>520214171

Understood, my point is that those consequences are limited in scope. Dealing collections agencies as a result of ignoring a debt worth a couple thousand bucks is sort of having to get into a fistfight with Orlando Bloom because you fucked Miranda Kerr lol.
All they can really do is call you repeatedly and be jerks, and I already don't answer or return phone calls from numbers I don't know.
And the original lender only sold the debt to them for 10-30% of the original value, so you sort of already got a great deal on that.

The morality aspect of it is kind of abstract.
Like most people who are honest and morally upstanding will tell you that you should uphold your end up of what you agreed to and pay off the debt.
But at the same time, the majority of people who would say that adhere to religious beliefs that, historically anyway, tell them that lending money is an act of grace and charity reserve for friends and family in need, and that lending money for interest is inherently sinful and immoral.
So their beginning premise, whether they want to admit it or not, is that the person who is lending money as a commercial activity is perpetrating a scam.
And there's not really any more appropriate way to deal with a scammer than to scam them back.

bamp

>>520209651
>it absolutely boggles my mind that you can miss one payment and your car will be taken away from you in US, forever
>the payments you made up to that point? gone
Thats not how it works, if the car gets repo'ed and you dont bring the loan current before the auction date they auction it off to pay the amount of the loan.

If the amount the car brings at auction is LESS than the balanced owed you still owe money, if the amount is MORE that what is owed they have to send you a refund for the amount over, they do not get to keep it.

>>520216534

Putting aside all of the other incredibly astute and informative shit I've said on this subject in this thread, no lender repo's a vehicle after a single missed payment.
That would cutting off your nose to spite your face.

>>520214904
I don't care if someone doesnt want to pay it back or abuses bankruptcy laws or anything like that. Its their call. Some collections agencies can be very aggressive. I used to work for a debt settlement company. Ive had clients who removed some of their debts from the program because they really got hounded. Some payday loan companies are like that and the person broke down and started paying again because the calls and everything got to be too much for them. Calling relatives of the debtor and their workplace, really aggressive behavior.

>>520217380

I don't get it.
I don't know anyone who would blame me even an iota for being harassed by a collections agency over a debt they have nothing to do with. They would all say, in perfect unison, fuck that company, never pay them.

And coincidentally, that violates federal law.
Call the police.
Honestly, your story doesn't make much sense. I suspect you made it up.