[rtkwe]

I doubt that's the main driver for lenders and people are generally pretty attached to and excited about their new cars. They also do have a stake they'll still be out time and money even if insurance covered the entire cost of the vehicle.

[lxgr]

I wasn’t really thinking about people wrecking their cars, but rather about making future payments.

Losing the use of a car and your equity in it to repossession is much worse than losing somebody else’s car alone.