Interesting: Kia Rio tops the Commonly Repossessed Vehicles

[1D4LV]

is it the car..? is it the company..? is it the "quality" of the buyer...?

several factors:

a. the brand/car.....the marketing and sales efforts like lowest DP can be very tempting even to those people who may not be earning that much.
b. the banks... they easily approve of a loan, just because they make money out of it, but they know that pag di nakabayad, hatak naman agad. no due diligence ika nga, dahil ang bottomline, the banks will not lose.... they make money if the client can pay, and can still make money pag nahatak na...

both reasons go hand in hand..

this is the reason why traffic is really that bad....