Oregon Public Broadcasting
Did the bank take your car?
The New York times recently wrote about how borrowers are sometimes paying sky-high rates for auto loans. Are auto loans the new face of the sub-prime boom? Banks and used car dealers are increasingly taking back vehicles from borrowers who perhaps should not have qualified for loans in the first place.
We're wondering how this trend is playing out in Oregon and the Northwest. Have you bought a car in the past few years? Has your vehicle been repossessed? What's your experience with auto loans?
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