Talk show host John Oliver is back at it again. Always keen on the financial happenings of the world, Oliver took a look at how people are falling more into debt with car loans. With the help of Keegan-Michael Key and Bob Balaban, “Last Week Tonight” located a used car that had been advertised in the Los Angeles Times a couple years ago. The found out that vehicle had been sold, repossed, and re-sold eight times in three years. The car’s asking price over the years also tripled is Blue Book value. Oliver’s focus for the expose was to show how sub-prime auto lending has taken over. This is what caused the mortgage crisis. Now it seems to be happening to the car financing industry. Watch John Oliver’s take on the lending crisis below:
