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Transcript: More Lenders Reluctant To Repossess Vehicles
- Article from:
- NPR Morning Edition
- Article date:
- October 31, 2008
- Author:
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RENEE MONTAGNE
NPR Morning Edition
10-31-2008
More Lenders Reluctant To Repossess Vehicles
Host: RENEE MONTAGNE
Time 11:00 AM-12:00 PM
Play Audio
RENEE MONTAGNE, host:
As an automaker struggle with their finances, many car owners are struggling to make the monthly payments on their car financing plans - and many are failing. Car repossessions are up 10 percent over last year. But lenders are now adjusting more loans so the repo man doesn't have to take so many cars back. NPR's Tamara Keith reports.
TAMARA KEITH: Analysts predict about 1.6 million vehicles around the country will be repossessed this year. And several hundred of them are parked in the gravel lot behind razor wire at ...
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