John Oliver Blasts Sub-Prime Auto Lending and Repossessions

 

August 16, 2016 – Earlier this month, English HBO comedian and commentator took aim at the subprime auto industry with some accurate insights into the financing practices of some “Buy Here Pay Here” used car dealers.

One especially interesting section studied the history of a used KIA that was sold and repossessed 8 times in a 3 year period only to have been sold and repossessed several times since. This car eventually went on to be recently stolen, to which Oliver commented “I only hope the thieves drove this demon car from hell off a F$%!ing cliff!”

While not news, and perhaps somewhat lax in objectivity, I just thought this was well worthy of sharing.

 

Thanks,

Kevin Armstrong

 

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