Oh it does. Nobody will lend you a car that be lost to seizure. Denmark has car confiscation for speeding (not even repeated, just for single time 100% over the speed limit), and they will even take rental cars. It has definitely changed how easy it is to loan a car from friends, family, and businesses. Naturally consequences for driving without a license should also be increased.
I don't buy the car dependent argument. People are put in prison for minor victimless crimes. Something much much more life destroying than loosing your car and right to drive. If you need your car to live don't break the law repeatedly.