>It would be interesting however if they had that kind louse banking rules for cars as well <g>;
>You loan most expensive car, drive it for couple of years and then simply say
>'I can't take it any more!' shed few tiers - and walk away from the car!
>Like that lady walked away from house/loan all together with 'support of friends'.

I haven't had a car loan in a long, long time. (We believe in buying cars for cash.) But it pretty much works as you describe. The car is the collateral for the loan. No co-signors needed, except perhaps for a kid right out of school. If you fail to pay, they repossess the car.

Tamar