Not including tax, title, and license costs, a new Escalade has a base price of $64,740.
Who loaned this woman that kind of money, especially given that she has had two past cars repoed?
Anyone can buy any type of car they want. Those "NO CREDIT! BAD CREDIT!"-type dealerships don't care. They'll charge you a astronomical interest rate, place a GPS tracker in the car and if you can't pay, the repo guy picks it up and they'll sell it to someone else.
While the housing bubble has received all the news, a car bubble has been happening as well, and for the same reasons; people who have no means to afford nice cars are able to purchase them.
It wasn't long ago I read a sob story about a single mother who worked as a janitor lamenting her inability to make the $1000+ monthly payments on her convertible BMW. Her car was repoed and now she can't take her kids to the doctor or go buy groceries. She placed the blame on one of those corner lot dealerships --the only ones who would sell her a luxury BMW due to her poor credit rating and low income.
Not including tax, title, and license costs, a new Escalade has a base price of $64,740.
Who loaned this woman that kind of money, especially given that she has had two past cars repoed?
It is quite possible that she has some “boyfriend” who does God knows what for a “living”, and he had “business problems”. As a result, he couldn’t keep up the payments, and they repossessed the car.
Well, the model shown in the pics at the link appears to be from the 2002-2006 era (based on the grille and side-mirrors). So at best, it's 8 years old. It could be 12 years old (really 9 and 13, given that new model years come out about this time of year - so the 2002 would have been out this time in 2001).