As plans emerge to reopen parts of the U.S. economy, a new WSJ/NBC News poll shows the majority of Americans think it will be a long time before the economy can return to normal. WSJ’s Gerald F. Seib explains.
Photo: G. Ronald Lopez/ZUMA Wire
Much easier to hid your car then your house
PlainSite Bullish
PlainSite This should be good for a big green dildo on $CACC.
Loans for auto lasting five to seven years but cars don’t last that long, people just walk away! Easier now with lockdown. Even repossessions not worth the balance. Banks and car leasing stuck with cars nobody wants. Even without Pendemic this was going to happen, now for sure!
Provide bike loans instead
The photo: I used to drive on this same stretch of the 405 when living in LA... what a nightmare. Thanks for the unpleasant memories.
What do you expect when you allow people to stretch payments for 7 years on something for which they are already paying more than it’s worth. Banks have allowed dealerships far too much leeway in “making payments low.” A 7 year car loan should never be an option.
Didn't we predict these loans to be the next bubble?
I thought we re considered credit after the 2008 crises?
ChineseVirus
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