Quote:
Originally Posted by lazypucker
On a side note, I noticed that the past few weeks while driving there were number of really new American "luxury" cars like Cadillacs, Jeeps, RAM trucks being towed. The only reason I could think of is because they are being repossessed.
Normally only beat-up POS cars needs to be towed because they broke down on the road, but higher-end new cars? A lot of people are struggling these days, and these bloodsucking car dealers' trick deals weren't helping either....
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That was likely to happen as the banks have come to the end of deferments. I expect that there are lots of foreclosures happening as well.
Its sad to see, my dad's neighbour lost his and his wife's car, he's been looking for work since March and I think he finally gave up. He's young too.