Magazine October 14, 2019, Issue

Elizabeth Warren Is Wrong about Payday Lenders

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On Saab guys and scrubs

Last week, I had an interesting conversation with a man who used to work in automotive lending. Do you know who the car-finance guys really miss? “Saab,” he said. “The Saab customer was the best.” The people who bought Saabs turned out to be as sensible and practical as the people who designed them — good credit, appropriate incomes, sensible down payments. “It wasn’t like Porsche or Land Rover,” he said. “Nobody bought a Saab because it fulfilled some fantasy.” But fantasy moves a lot of cars, too. I used to know a guy who owned a used-car dealership, one

This article appears as “Saab Guys and Scrubs” in the October 14, 2019, print edition of National Review.

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