With all this discussion on the government motability department buying 1 in 5 new cars in the last year…
I’ve had the super idea of selling super gold tranches of FIAT 500 motability loans, it cannot go wrong.
Call it Collateralised PCP Obligations, CPCPO
The investors will think they’re getting Mercedes Benz fiance grade, they’re actually getting Klarna2Go
The government gets cheap bonds flooding in on new market.
Then sell CDS on the CPCPO risk and the taxman probably underwrites it all.