Risks Rise for Subprime Car Buyers as Loans Hit 17-22% APR

Car buyers getting 17-22% APR loans due to credit rating system and need for transportation.

High interest rates mean more income going to car payments, increasing default risk.

Subprime auto lenders issued $30B in bonds this year despite risks.

Economy has been resilient so far, so subprime borrowers still making payments.

Great for bondholders, challenging for lower-income borrowers with high interest loans.