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Entering the repossession lane

Default rate soars on auto loans in pattern likened to mortgage crisis

Tow truck operator Dana Williamson loaded a repossessed Ford Explorer in Peterborough, N.H., yesterday. Tow truck operator Dana Williamson loaded a repossessed Ford Explorer in Peterborough, N.H., yesterday. (Globe Staff Photo / John Tlumacki)
By Jenn Abelson
Globe Staff / March 7, 2008

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When lenders sent a tow truck to repossess his silver 2001 Lincoln LS last month, Myles Chilcot eagerly handed over the keys. (Full article: 1177 words)

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