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US car repossessions surge as more Americans default on auto loans

theguardian.com

251–252 of 252 posts

Re: US car repossessions surge as more Americans default on auto loans

#251
post #211

Where do these cars get sold? Sounds like it will be a good time to buy a new-ish used car soon.

Auctions. Sometimes bought by private buyers, sometimes by dealers who then on-sell them. Government and corporate fleet vehicles are usually sold at auction as well, likely mandated after a few years or mileage figure.

Re: US car repossessions surge as more Americans default on auto loans

#252

Earlier quoted context omitted.

Haha, funnily enough they said the same thing before 1918. They also said a bunch of Vietnamese farmers could never beat a world class military. Have faith in your fellow workers and hold on to the hope that a better world is possible.

As someone who knows people who fought that war on the other side, the vast majority were professionally trained soldiers, not Huy the illiterate rice paddy farmer who took an AK-47 and took pot shots at Americans. There's a reason much of the older generation of Viet military and political leadership studied in Czechoslovakia, Poland, East Germany, BSSR, and RSFSR and why both the Vietnamese Army and the MPS still s…

Do you not think the same thing would apply in the US? If we were having serious domestic conflict there would be veterans on both sides, not to mention that other countries would certainly train officers to help their preferred side. The real point is that "technical superiority" (air power, artillery, mechanized equipment) is not on its own sufficient to win a war when the populace is opposed to the occupying military presence, and that military is not willing to totally butcher that populace.
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