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Patches ,

No used car dealership is going to take a 2007 Chevy Cavalier for 35k and yet that loan was approved during COVID, and subsequently repo’d.

No dealer will ever unload that car without a huge loss.

It’s the banks problem to sort out. Until they sell the car to a dealer - they don’t lose much. It’s all ‘in the air’ on the books. They have a 35k loan and (in theory) a 35k car.

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