Some scary statistics for you, regarding the subprime auto lending "bubble."

the average loan-to-value ratio of a used car loan had reached 137 percent – and was even higher for subprime borrowers – meaning that many used car buyers were likely “underwater” on their loans from day one. In the first three quarters of 2016, nearly one-third of all vehicles traded in were worth less than the outstanding value of the loan, a new record.