They probably signed a contract stating they’d pay it in American dollars, governed under American law. Oops!

Similar to what happened in the 2008 housing bubble, companies have been giving car loans to people they know probably can’t afford it because they know they’ll probably get the car back again pretty soon, and the person will still be on the hook for the portion they owe for the time they had the car. Plus interest.

Finance companies are loath to turn down money, and as long as the sovcit presents at least some proof of income a lot of finance companies will accept them.

There's one company I work with that requires a bunch of stipulations, but if they're there, you can get accepted (with a ridiculous APR, of course).