Having studied the table on p37 some more I now believe that the figures do not in fact add up and that the table is incorrect.
I agree @Klogg that the allowances made for doubtful debts are extremely low particularly compared to competitors such as MNY (and thank you for your overview - I found it very helpful) With a rapidly growing, full recourse car loan pool I will be watching this table closely over time as it will be a key indicator as to the quality of loans.
It is always easy to lend money out, the tough bit is judging who won't pay it back.
So far so good.
Having studied the table on p37 some more I now believe that the...
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