Scrutable

Lots of personal debt out there, secured on depreciating assets... https://www.theguardian.com/business/20 ... ments-help

The last credit crisis was unsustainable mortgages, these loans don’t look much better.

We talked about those car loans on another forum. Millions of people never own a car, just keep renewing these schemes every 3 years. They get to drive lovely new cars all the time, but are always paying for the steepest part of the depreciation curve.

I was thinking it was a great time to replace my car, but it's not quite knackered enough yet. And I haven't driven it for 4 weeks. But there must be some fabulous deals out there.

plodder wrote: Wed Apr 08, 2020 7:19 am Lots of personal debt out there, secured on depreciating assets... https://www.theguardian.com/business/20 ... ments-help

The last credit crisis was unsustainable mortgages, these loans don’t look much better.

Mortgages are still a much larger issue than car loans (worth £1 499 billion).

Perhaps lpm should start looking out for good property deals.

House prices will be way down, except that it has been frozen. No way of telling how it will respond when it reopens - which could be a year or more.

But cars sitting on forecourts need to be sold ASAP by companies eager for cash, even before any impact of cars being returned by unwise lessors.