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Hugh_Lebowski

(33,643 posts)

3. Logically one might think the numbers would work out to them being a little looser with credit

Reply to inthewind21 (Reply #1)

Wed Jul 26, 2023, 01:14 PM

Jul 2023

when interest rates are higher, as a given default would affect profits less as a percentage.

Then again, higher interest rates themselves may well raise the rate of default simply because total payments are higher.

So it might be a notable development, but I'm not in the business.

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Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up [View all] dalton99a Jul 2023 OP

The highest level inthewind21 Jul 2023 #1

Logically one might think the numbers would work out to them being a little looser with credit Hugh_Lebowski Jul 2023 #3

They're trying to Carter Biden peppertree Jul 2023 #2

plus the minions with microphones finding the biggest whiners about "how the economy Hestia Jul 2023 #6

The narrative. Always. peppertree Jul 2023 #7

Maybe once and for all people will stop buying on credit except for house. jimfields33 Jul 2023 #4

We had to get a new car when the 2008 & 1999 cars we had seized up (along with my DH's work car) Hestia Jul 2023 #8

Anecdotally dealers' greedy "market value adjustments" are as much contributing Trekologer Jul 2023 #5