Anonymous
Anonymous asked in Cars & TransportationBuying & Selling · 2 months ago

Do most people pay upfront for a car or take out a loan?

6 Answers

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  • Anonymous
    2 months ago
    Favourite answer

    Young people often cannot get loans. Most adults with good credit and good jobs finance cars.

  • ?
    Lv 7
    2 months ago

    Leasing seems to be the most popular way at the moment.

  • Anonymous
    2 months ago

    Every car I ever bought in the past 48 years was with cash. I never financed a car. 

    But I think that most people finance a NEW car.

  • 2 months ago

    To be honest I don't know about 'most' people, but I always pay up front, as it usually gets me a better deal.

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  • 2 months ago

    In the UK, most cars are bought on some form of finance with 'personal contract plans' currently being very popular. It's a kind of rental with the option to buy after (typically) 3 years or a defined number of miles.

  • Anonymous
    2 months ago

    Most people take out a loan.

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