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 truck or truck within the year that is prior. Of these whom purchased or leased a car, 38 per cent bought a brand new automobile, 35 per cent bought a utilized vehicle from a dealership or vehicle salesman, 17 % bought an utilized vehicle from a personal vendor, and 9 per cent leased a car. 31

The foundation from where individuals get automobiles differs significantly by earnings degree. Among lower-income participants whom purchased or leased a car when you look at the previous 12 months, two-thirds acquired it utilized, and 31 % purchased that automobile from a seller that is private. Over 50 % of higher-income participants who acquired an automobile, having said that, either leased the vehicle or bought it brand brand new (figure 24). Leia mais