The bigger question is, who the hell finances a 10-year-old car?
People with terrible credit and little cash.
It's a common practice in poor communities for a local wheeler-dealer to fix up and "sell" klunkers for $100 down and so much per month.
If the car breaks down the "owner" calls the car dealer and tells him where to pick it up (and stops paying for it).
Frequently someone will need a car for only a short period of time and the downpayment plus monthly will be far less costly than any comparable rental. They'll see one of these dealers, pick up a car, drive it for the purposes they had in mind, then stop paying.
I'm just describing the practice, but I think it has a bit to do with zoning permits for commercial garages, automobile property and casualty insurance, the true cost of ownership to "the poor", and the benefits of shifting titles to evade unnecessarily harsh encounters with agencies that regulate automobile rental companies.
It's been a number of decades ago when I was let in on the secrets of this business by a couple of graduate students from Angola (a country in Africa). They needed a car for 6 weeks so they went to Indianapolis one weekend to "buy one", and did so.
At the end of the semester they got their degrees and went back home. The repo guy presumably picked up the car.
One of the students said "America is the greatest country in the world. A black man without any resources and no credit rating of any kind can buy a car."