I have seen so many people fail to pay back their loans and get their cars repossessed. I had a friend who did exactly this. He took a bank loan, got a car in his name, and put it on daily rental. It actually went well at first, so he kept repeating the process until he had three cars all on daily rental just to pay off the bank.

Then, one of the cars had a major accident. Of course, the insurance was slow and did not cover all the damages since it was limited to a specific amount. His whole model just broke down after that. He could not keep up with all the loans on his head and eventually had to sell his other cars too. In the end, he was left with nothing because he leveraged the bank loans way too much. It is honestly just like people trading crypto with 20x leverage and getting rekt.