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 brand new or car or vehicle or truck within the previous 12 months. Of these whom purchased or leased a vehicle, 38 per cent bought a brand new car, 35 per cent bought an utilized vehicle from a dealership or automobile salesman, 17 per cent bought an utilized vehicle from an exclusive vendor, and 9 per cent leased an automobile. 31

The foundation from where people get automobiles differs significantly by earnings degree. Among lower-income respondents whom purchased or leased an automobile within the previous 12 months, two-thirds acquired it utilized, and 31 % purchased that automobile from the personal seller. Read more