Next week is such a short notice to organize this group of rag-tags into anything:)
But it would be great to grab a cup of coffee w u and possible whoever else wants to join:)
I honestly don’t know if age qualifies being a GenX… it’s more of a mental state 
Like lack of safe spaces:)
But then again, I’m from last two years of those GenX production run and I’ve seen Millenia starting to complain about being old and GenZ given them hard time about it.
At least we don’t have here Gen Alpha yet 
Waiting for one of the parents on here to make a project Verstappen version of unhinged 2020 hersheysweet.
Good times… then it was home office setups, home cooking, and who can forget the Tacos!! 
I remember, RVGuy was like USBank and Ally are losing 200k/m because of Cody & Jrouleau toyota Taco/tundra deals, little did they know NMAC would start predicting frontiers would appreciate off the lot, and assigning 101% residuals.
I would be down for coffee with whoever who can join! Maybe the Memorial weekend?
We also need to fix our overdue West Coast meet up!
P.S @renren your dogs are so cute! 
Haha, I just wish I could find an investment bank to write CDSs on ABSs that contain EV leases. I could be another Michael Burry.
lol who is defaulting on these cheap leases?
It’s not credit risk, it’s the risk that the value of the vehicles will be much much lower than stated residual value. The ratings agencies are aware of it but as usual they know what their job is so keep stamping their AAA ratings.
In the case of BMW, Could be that they’re expecting that and accepting it, using the major cash influx from 21-22 to “justify” EV losses. I doubt it, but it is possible, since they historically never made those kinds of gains on EV’s. Someone’s going to be left holding the bag, there are definitely 1 year old iX’s that are not far off from the 3 year RV on MMR valuation.
See page 8 here
They used to be +/- 4% on average, then in 2021 they start making 22.5% gains on RV, must have been a nice cash infusion, but the lastest report I can find doesn’t mention this same metric, just talks about ESG nonsense and how ICE cars are bad bad bad.
I think you’d have an easier time getting an LH-er to pay MSRP for a Mercedes EQS hehe.
BTW you never said what is the meaning of your username. I doubt it’s Sasha Vujačić.
I am themachine. Not that machine. Or this machine.
Glad to be a Trusted Hackrs Emeritus. Welcome all new Trusted Hackrs!
Already exists; BMWFS commoditized them as corporate bonds, so does GM.
There are also independently written car loan bonds/securities that include BHPH loans from less scrupulous third-party lenders.
Agreed. I don’t even recognize some of the usernames, let alone know who they are lol. 
Congrats to all of the new TH’s! Also a big thank you to the former as well, especially those who have always been involved with the daily engagement @mllcb42 @max_g. I do hope you guys stick around. 
Hi! Just joined. Looking to learn.
Congratulations to all the new blood!
Congrats to the new TH!
