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.

Bloomberg’s <a href="https://www.bloomberg.com/authors/ATut8ZqKxOA/paige-smith">Paige Smith</a> and <a href="https://www.bloomberg.com/authors/AVTA9gaWVOA/scott-carpenter">Scott Carpenter</a> 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: <a href="https://www.bloomberg.com/graphics/2023-wall-street-subprime-car-loans/?srnd=undefined">How Wall Street Makes Millions Selling Car Loans Customers Can’t Repay</a> 
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

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

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/74b00b20-8253-4495-a515-b0ba003581d1/transcript

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