Purchase and Financing of Newly Acquired Vehicles

Purchase and Financing of Newly Acquired Vehicles

Twenty-four per cent of grownups report that either they or their spouse or partner obtained (bought or leased) a unique or car or vehicle or truck within the previous year. Of the whom bought or leased a vehicle, 38 per cent bought a brand new automobile, 35 per cent bought a utilized vehicle from the dealership or vehicle salesman, 17 per cent bought an utilized vehicle from an exclusive vendor, and 9 per cent leased an automobile. 31

The origin from where people get automobiles differs significantly by earnings degree. Among lower-income participants whom bought or leased a car into the previous 12 months, two-thirds acquired it utilized, and 31 % purchased that automobile from the personal seller. (more…)

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