29 November 2007 - 17:02Evanomics: Out - sub-prime mortgages, in - sub-prime car loans (BBC News)

I spoke to a second-hand car dealer today. A nice chap called Mike Navidi out in Arlington, just close to Washington DC. Apart from enjoying the chance to be simply amazed at how cheap his cars are ($12,000 for a neat-looking Mustang on the forecourt) I wanted to know how easily sub-prime customers were finding it to get car loans.

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