This Insane Loan Term On A Used Porsche Shows That Even Rich People Can Be Dumb At Math

It’s easy to get on your high horse and look down on people who have found themselves in a tough financial spot because they didn’t do the math before they bought their car, or because they need a car so badly they had to take on a rough deal. But this loan term on a six-figure Porsche Cayman GT4 reveals that money…

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Auto Loan Fraud Is Starting To Look More And More Like What Happened With Mortgages 

Several weeks ago, we mentioned how investors are getting nervous because the number of “deep-subprime” loans—that is, those given to consumers with credit scores below the 550 FICO range—are rapidly increasing. Well, here’s another potential point of concern: borrower fraud in U.S. auto loans is also surging, …