Subprime is defined as credit scores of 580-619. The highest grossing vehicles sold in the subprime tier are Nissan, Chrysler, and Hyundai. Subprime racing is when two vehicles financed with subprime loans race through a city with below median GDP per capita.
I went down to Crenshaw in South LA to watch a Nissan Altima compete with a Chrysler 200 in subprime racing. The Chrysler pulled ahead in the beginning before the transmission burned out and it stalled.
by nilxela May 15, 2023
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by biggs33 February 23, 2009
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B: I know, but she had no idea was she was doing in bed, it was a seriously subprime rib.
B: I know, but she had no idea was she was doing in bed, it was a seriously subprime rib.
by firefox12 October 29, 2010
Get the subprime rib mug.higher-risk credit mortgages which has interest rates that can adjust over time, which is bad and best to stay away from
During the housing boom of the mid-2000s, many lenders were giving subprime mortgages to borrowers with low credit scores, contributing to the subsequent financial crisis
During the housing boom of the mid-2000s, many lenders were giving subprime mortgages to borrowers with low credit scores, contributing to the subsequent financial crisis
Boss: You know, subprime mortgages were a big topic during the last financial crisis?
You: Ah, yes, *sips coffee* I love talking about business
You: Ah, yes, *sips coffee* I love talking about business
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