The key take-away is that the financing companies are seeing more revenues due to the increased length of financing terms BUT, so far there have been no real increase in defaults. I still stand by my thesis that people will walk away from a home before an auto.....must get to work.
Translation: Higher profits.
Disclosure ("none" means no position): None
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Here's a link via Abcnews: http://abcnews.go.com/Business/story?id=4498559&page=1
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