Over the past 2 years, many people took out exorbitant loans on cars???
Ya mean tens of thousands lost their jobs, businesses, livelihood and careers thanks to BS government lockdowns..
Well, add this to the fact that they were able to sell new cars for thousands above MSRP and sell used cars for as much as new cars used to cost.
For a while there, cars were waaaay overpriced because there weren't many to be had.
Have you seen the price of new vehicles?
The new price of the F-150 Lightning Pro, an entry-level model meant for commercial and business customers, will be $55,974 — up nearly 8%, or $4,000, from previous pricing and a 40% increase from the original pricing of $39,974 announced in May 2021.
OR why go cheap? For a little more you can go first class. $98,319 ESTIMATED NET PRICES5 $1,332 PER MONTH FOR 84 MONTH
Lots of low credit score morons used stimulus and extra unemployment money to buy cars they knew would be temporary.