Purchase and Financing of Newly Acquired Vehicles

Purchase and Financing of Newly Acquired Vehicles

Twenty-four % 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 12 months. Of the whom purchased or leased a car, 38 per cent bought a vehicle that is new 35 per cent bought an utilized vehicle from the dealership or vehicle salesman, 17 per cent bought an utilized vehicle from a personal vendor, and 9 per cent leased a car. 31

The origin from where people acquire vehicles differs significantly by earnings degree. Among lower-income participants whom purchased or leased a car within the previous 12 months, two-thirds acquired it utilized, and 31 % purchased that automobile from the personal vendor. Over 50 % of higher-income participants who acquired a car, having said that, either leased the vehicle or bought it new (figure 24).

Figure 24. Supply of newly obtained cars (by family members earnings)

Note: Among participants who bought or leased an automobile in past times 12 months.

The median period over which they expect to keep that vehicle is six years among all respondents who acquired a car or truck in the prior year. Nonetheless, the anticipated lifetime of the automobile differs considering whether it ended up being leased, bought brand new, or bought utilized. Participants whom bought a fresh, unused automobile be prepared to ensure that it stays for the median of nine years. 阅读更多

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