credit is super tight right now, and an auto is risky, in that it can be moved, unlike a home or a 401k account. banks are getting creamed by loan losses on mortgages, credit cards, and car loans going into default as the value of the car (in this case) becomes less than the value of the loan, what would be the incentive to repay the loan, if you got into a bind?
Not the answer you wanted or that I want to give since I make my living origionating loans——it sucks for all of us…...it will get worst before it gets better.