>I don't know auto loan based securities (size, participants) but this should be a huge red flag to anyone with any sense of history. I agree but there are far

>I don't know auto loan based securities (size, participants) but this should be a huge red flag to anyone with any sense of history. I agree but there are far less pesky regulations surrounding the repo and sales of cars than of houses so that does a lot to cap the downside. You also can't generally be in debt for a few times your annual gross income on a car.