Banks Are Rescuing Car Owners

Banks are introducing forbearance programs to prevent repossession of cars, as they are incurring significant losses at auctions. By extending auto loans, they provide customers with additional time to recover and catch up on payments. This shift is driven by banks' fear and the need to protect their portfolios.

Watch more of this short video from Car-mageddon Update: Expect Lower Car Prices Soon | Lucky Lopez.

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