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Money Talks News: Romney vs. Obama—How They Spend Their Money


Barack Obama

Obama leased a fully loaded 2005 Chrysler 300C when he was a senator. He ditched the Chrysler in the summer of 2007 when he launched his presidential campaign and decided to lease a more fuel-efficient 2008 Ford Escape Hybrid – which rumors suggested was part of a political agenda to show disapproval of gas-guzzlers.

According to used-car authority Kelley Blue Book, Obama’s former Chrysler 300C is valued at $19,142. In early 2009 when Obama took office, veteran eBay car seller Lisa Czibor, who lives near Chicago, tried to sell the car for $1 million – with the help of a posted photo of the car’s title written in Obama’s name. But as of February 2012, the car had no bids that met the asking price.

As for the Ford Escape, it was returned to the Illinois dealership in 2010. The vehicle was put up for auction, but no further details were released.

(PRNews Photo/International Carwash Association)

More from Money Talks News:
How Will Your Taxes Change?
The Truth About Jobs: Why Both Sides Are Wrong
How to Contact Your Congress and President

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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