Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?
  • Adalast@lemmy.world
    27·
    11 months ago

    So what I’m seeing is to find any way I can to short the auto lenders so when they declare bankruptcy I can finally be able to afford a car?

    • Patches@sh.itjust.works
      1·
      11 months ago

      Step 1) Go back in time and get a brand new car during COVID.

      Step 2) Drive it home

      Step 3) Immediately call in and say you are having trouble making your auto payment. You will need forbearance for one year.

      Step 4) Free car for up to 1 year plus 90 days till repo.

      Step 5) ???

      Step 6) Never need a line of credit ever again?