Comment on The EV tax credit is dead – here's what happens nextparentComments−floxy11moThe 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-th...−triceratops11moCars 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.
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Most cars are apparently owned outright / not currently financed? 66% according to this source at least:
https://accountinginsights.org/what-percentage-of-cars-on-th...
Cars 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.