We see comments like the above a lot. It’s not stupid and it’s not arbitrary.
Basically, banks and publicly traded companies have a duty to not do stupid things that are detrimental to the interests of their shareholders. Selling assets below fair market value is one of those stupid things.
“Why should they care who pays them?” They don’t. They don’t care who pays FMV, they just care that they got FMV. The only reason YOU (and only you) can buy the car at RV is because the original contract tied their hands, and they are obligated to allow you (and only you) to exercise your contractual option to buy the car at RV, even though it may be below FMV.
This was never an issue before, because FMV>RV used to almost never happen before the pandemic.
Banks are changing their practices before this issue appears on the radar of these guys: