I’m exploring the possibility of investing in or purchasing delinquent auto loans and I’m curious if anyone here has actually gone through the process recently. Could you share your experiences, including any challenges or successes you encountered?
Hey Liam, I’ve been keeping a keen eye on this space lately. I haven’t built a solid portfolio myself, but some industry chatter suggests that buying delinquent auto loans is a bit more challenging these days, especially with tighter lending standards and the cash-strapped environment brought on by rising interest rates. It seems like the value proposition is more nuanced now—while some loans still hold potential in the repo market, the legal and operational hurdles have gotten steeper. I’ve heard lenders are experimenting with new strategies to mitigate risk, and it might be worth digging deep into the details of any potential acquisition, particularly around localized repossession trends. It’s not as straightforward as it used to be, but for those willing to navigate the added complexity, there might still be hidden opportunities. Good luck out there!