Remember reading an article on MNY's transition to auto lending...
Crux of it is that is is a large expense to go through the repo process. On loans of a few thousand for a used car it's more less an unsecured loan, you get me? I'll try find the articke mentioning it, but basically the loans arn't for 50k new Ford ect. A lot of car loans are more or less secured in name only.
MNY Price at posting:
$1.84 Sentiment: Buy Disclosure: Held
