Riding with the repo man (update)

The episode explores the complexities of the subprime auto loan market and the ripple effects of car repossessions through the perspectives of a car salesman, a car buyer, and a repo man. It highlights the ethical dilemmas faced by subprime lenders, balancing the need to provide transportation to those with bad credit against the risk of predatory lending practices. The story of Stephanie, who lost her car due to job loss stemming from workplace discrimination, illustrates the human cost of these financial arrangements. The increasing use of GPS tracking by lenders is also discussed, making repossession easier and potentially contributing to the rise in subprime loans. Updates reveal a surge in repossessions, driven by rising car prices and stretched loan terms, mirroring levels seen during the Great Recession.