Some people would spend less, and maybe others might seek to...

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    Some people would spend less, and maybe others might seek to borrow a similar amount and get a newer/better vehicle.

    The lower security element on the historical higher value loans could also a bit of an issue leading to a bit higher write offs.

    Worst case would be a downturn leading to much higher unemployment, which isn't really on the cards.
    Last edited by JoeGambler: 19/01/25
 
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