Look out- subprime auto lending

[EVT1]

Is this new? I worked at dealerships back in the day- they would happily take your upside down car loan and screw you ten times worse on a new car  Then sell the paper.  And sell you an extended warranty.

dealbook.nytimes.com/2014/08/04/focusing-on-g-m-unit-u-s-starts-civil-inquiry-of-subprime-car-lending/?_php=true&_type=blogs&_r=0

I am not into protecting idiots- just don't ask me for a bailout when it falls apart.

[Deleted]

Caveat Emptor.