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Newest Reality

(12,712 posts)

4. Subprime is still working well.

Reply to Purveyor (Original post)

Wed Apr 24, 2013, 07:02 PM

Apr 2013

They do help keep sales up! Repos come later, and faster!

Subprime Is Back For Auto Loans, Boosting Sales, And Worries

In contrast, repossessing automobiles is a much quicker process for lenders, whose main challenge is finding the location of the vehicle. The robust market for used cars and tight inventory also makes it easier for lenders sell repossessed vehicles.

http://www.ibtimes.com/subprime-back-auto-loans-boosting-sales-and-worries-729991

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Ford Profits Rise To $1.6B On Record-Breaking North American Results [View all] Purveyor Apr 2013 OP

Good thing they got bailed out in the TARP deal Rex Apr 2013 #1

Ford did receive $5.9 billion in government loans in 2009 to retool its manufacturing plants... Purveyor Apr 2013 #2

Yeah that is the first thing that pops up on google. Rex Apr 2013 #3

Yes I did use google but I knew this as I live some 45 miles west of the Ford Motor headquarters Purveyor Apr 2013 #5

I went and did a search after reading the article you posted. Rex Apr 2013 #7

Subprime is still working well. Newest Reality Apr 2013 #4

For now, auto loan delinquencies are falling. Subprimes learned that loosing your house is one Purveyor Apr 2013 #6