A few percent is the normal. The link below says the current 6.1% of car borrowers who are behind on payments is unprecedented. When a payer defaults they usu

A few percent is the normal. The link below says the current 6.1% of car borrowers who are behind on payments is unprecedented. When a payer defaults they usually loose the item that is being financed, although they have paid far more than the value they've got out of it. Selling and expecting a 40% losses means your selling to people you know won't be able to afford the payments - and (in my opinion) should be treated as fraud. https://www.forbes.com/sites/antoniopequenoiv/2023/10/21/americans-are-overdue-with-their-car-payments-at-highest-rate-in-nearly-30-years/ https://www.forbes.com/sites/antoniopequenoiv/2023/10/21/ame...