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>The median US car payment is $749 new and $529 used. Most cars are apparently owned outright / not currently financed? 66% according to this source at least:
by floxy 1y ago
>The median US car payment is $749 new and $529 used.
Most cars are apparently owned outright / not currently financed? 66% according to this source at least:
https://accountinginsights.org/what-percentage-of-cars-on-the-road-are-paid-for/ https://accountinginsights.org/what-percentage-of-cars-on-th...
- triceratops 1y agoCars on the road != car purchases. 70% of new cars are financed. It could be as high as 40% for used cars, but there isn't high-quality data for that.