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Getting a fat car loan is much easier if your credit is good, you aren't in debt, and your income is relatively high. It's an indicator of relative wealth.
by task_queue 7y ago
Getting a fat car loan is much easier if your credit is good, you aren't in debt, and your income is relatively high. It's an indicator of relative wealth.
- hn23 7y ago2019... and we still measure wealth in terms of car size.
- lotsofpulp 7y agoCar's are easy to repossess, it's really not too risky to lend out a car and you don't need to substantiate much more than a half decent income and history of timely payments.