Interesting factoid on CNBC this morning

[Will_L]

Phil Lebow was talking to some car industry guys . 50% of new cars now have $1,000.00 per month or more loans. They are now writing 7 and 8 year car loans.

I’ll bet there will be a lot of jobs in repo and a lot of lenders upside down on a bunch o rust buckets at some point.

 

[Kenny Fernando]

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