I do not understand why people buy cars knowing they can not afford it.
But people that just out right buy a vehicle they know they can not afford drives me crazy.
The banks and credit unions allow them to do it. It is that simple.
The credit union that I belong to built and paved a new parking lot... just for repos. They have a better selection than a lot of used car dealers, and then they refuse to sell the repos to people like me.. someone who actually pays his bills. They load them onto semis and take them directly to the auction. where a dealer can buy them back... and start the cycle over again.
The repossessed motorcycles parked behind the building in early winter is laughable. Apparently, people don't want to keep something that they can't use in the winter, but have to pay for anyway.... who would have thought?
They shut my credit card off once, because they didn't like charge that I'd made to Wal-Mart. LOL. I have a WM less than a mile from my house, so I spend quite a bit of money there, quite often. Then, they pick one random charge, and shut my card off. If they'd only checked my history...
A manager from the Credit union called me on the phone over the credit card issue, and I let him know that they needed to be a little less paranoid about potential credit card fraud as a threat to the Credit Union, and instead be a little more concerned about their lending losses, and tighten up their loan lending practices a bit. Spending the money to build a new parking lot, for the sole purpose of storing all of their bad decisions, seems a bit much.