2025 Subprime auto loan delinquencies are ABOVE...

[tsptalk]

Subprime auto loan delinquencies are ABOVE crisis levels. So people are struggling to pay $1000 plus a month on a car loan? Shocking!

https://twitter.com/x/status/1958145241443095038

 

[weatherweenie]

Not hard to believe given the price of vehicles these days. Frequently my wife and I will ask, where are these people coming up with the money to buy these $80,000+ vehicles.

 

[JTH]

So I'm too lazy to do the real work here, but it would seem this is a high risk credit group, and I wonder what happens to those who get locked up by ICE, I imagine some of those locked up are helping tank the stats.

What Are Subprime Auto Loans?​

• Auto loans made to borrowers with low credit scores (typically below 620), thin/no credit history, or alternative documentation (e.g., ITIN instead of SSN).
  

 

[tsptalk]

It would make sense.

No credit, no down payment, shaky job history? No problem. How much do you need?