Car debt is a very different thing than real estate debt. No one is expecting cars to hold or appreciate value, even if some have in the past year. And no one

Car debt is a very different thing than real estate debt. No one is expecting cars to hold or appreciate value, even if some have in the past year. And no one buying used car debt has any delusions about the potential rate of defaults. Not to mention that default recovery is much cheaper and easier than mortgage foreclosures.