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Why Wall Street Sells So Many Car Loans That Buyers Can’t Pay Off

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Bloomberg’s Paige Smith and Scott Carpenter join this episode to talk about why the subprime auto loan market is thriving—and what that means for lower-income car owners who face high interest rates and the possibility of losing their vehicles.

Read more: How Wall Street Makes Millions Selling Car Loans Customers Can’t Repay 

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK 

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

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