re: Southerners load up on car loan debt

I would think that most trucks in Shreveport that are purchased for O/G related fields are bought outright from dealerships. Also most of the people that I know that own nice vehicles, either pay cash or pay off in a year or so. Again, I see alot of really nice cars driven by people that can't afford them. I would venture to say that there is a high repo rate on vehicles in Shreveport too.