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If Australia is like the US, all those cars are leases or debt-financed
by aprilthird2021 1y ago
If Australia is like the US, all those cars are leases or debt-financed
- nikcub 1y agoIt is. From Australia's largest Toyota dealer I know that ~70% of new car sales are financed. A proportion of the rest would be funded by home equity but that is harder to measure. An interesting trend that I've heard from multiple dealership (friends and family) - the number of people being rejected for financing has dramatically increased in the past 12 months. There are some dealership areas now where a third of applicants are being turned down.