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Because it’s profitable even after losses, from some combination of origination fees and yield.

(at least until the credit cycle turns)



And repossession is relatively easy.


But reselling them won’t be


It only has to sell for more than the remaining cost of the debtplus repossession and storage cost. Unless someone defaults on their payments very early into their term or totally trashes the thing, this should be achievable more often than not.




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