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1st Gear: How To Make Money In China
There's a great line in The Coup's "Repo Man" that goes:
Even hillbillies at a party line dancin'
Get they Ford trucks with poor financing.
Banks that give the loan figure — damn, in the worst case
We makin' money cause we had it in the first place!
While the U.S. (and other countries) financed huge sums on what were essentially Chinese credit cards, it looks like the world is getting some of that interest back by extending car loans to Chinese consumers looking to buy cars without cash.
The WSJ has the story and the numbers, pointing out that loan-financed cars jumped from about 5% of the market in 2005 to 17% in 2013: