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So basically,
New vehicle prices are not in line with their actual value, so banks are making loans that aren’t covered by the collateral. This is shit management by the banking industry. If it’s impossible to get an auto loan then vehicle prices will eventually fall as supply stacks up. Banks are feeding this cycle by being unrealistic in these loan assessments.
But... But price only go up?
The sky daddy book of economics says price only ever goes up and concentrated wealth is a good thing
This is what my partner and I call a "state's right to what" problem. The centralized wealth says that centralizing wealth is good. Centralizing wealth is good for whom, Mr. Finance?