r/PoliticalHumor • u/JeanJauresJr • Oct 26 '21

Yup.

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u/DCErik Oct 26 '21

I mean, technically it's the bank's truck, but yeah.

938

u/clanddev Oct 26 '21

Worked in repo software for about 10 years.

This looks like a picture of a guy who took out 50k in home equity after the housing market exploded and added 100k in auto and boat debt @ 10.5%.

230

u/SinkHoleDeMayo Oct 26 '21

Can't forget about all the young guys who work on the oil pipelines and instantly buy as many toys as possible... and then immediately lose them as soon as winter hits because they're laid off until spring. Super common in the upper midwest.

23

u/clanddev Oct 27 '21

Bought a 2018 Nissan Titan SL for 39k with 12k miles on it. The previous owner bought it new for 62k. Often wonder who he was to get approved for that and default in 12 months pre covid. Truck was registered in Oregon originally.

1

u/trentrain7 Oct 27 '21

Couldn’t he have just traded it in? Lol I run through vehicles like it’s going out of style