Pandemic Car Buys, Rising Interest Rates, and High Gas Prices: A World of Hurt for Lenders
Perficient Digital Transformation
MAY 17, 2022
In today’s mixed up, muddled up, shook up world, a business model that encourages — and even desires — some level of repossession can provide substantial profits to the lender (depending on state regulations). Currently, lenders can typically get more money from the sale of a repossessed vehicle at auction than is owed by the borrower.
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