The average new car buyer might not consider future collectibility when shopping around, but just imagine being one of those lucky owners who held on to a now - classic auto for a...
Not exact matches
CARS.COM — While few
new -
car buyers sell their purchase in the first year, 11 models stand out for being unloaded in their first year of ownership at twice the
average... Read more
So far, according to VW's PR rep, about half of
new Golf R
buyers have gone for the DSG, demonstrating not only a demand for the automatic, but also a manual - transmission take - rate far better than the industry
average, even among performance - oriented
cars.
The median household income of
new -
car buyers in 1986 was $ 35,600, 26 percent above that of an
average U.S. household, according to figures supplied by the Motor Vehicle Manufacturers Association.
The results of that shift is reflected in the growing income gap between
new -
car buyers and the
average American family.
The current - generation Civic continues to be a significant entry - point to the Honda brand for younger
buyers, introducing on
average more than 90,000
new -
car customers under the age of 35 to the brand every year.
However in today's market, where American
buyers are spending an
average $ 13,000 or so for a
new car, a product in the $ 5,000 to $ 8,000 range is, hopefully, a revitalizing breath of air.
A
car buyer with a FICO score of 730 would get an interest rate of 6.837 % on
average on a five - year loan to buy a
new car, as of Jan. 6, according to Informa.
For
new car buyers, these monthly payments
average $ 503, which is the first time the national
average topped $ 500 according to a CNBC article.
For auto
buyers, one thing to realize is that the
average new -
car loan term is running close to six years (70 months) these days.
See the
average score of different age groups,
car buyers, and
new homeowners.
In addition, the
average amount financed by
new -
car buyers jumped to $ 30,945, which is a 2.6 percent increase from this time last year and 17.2 percent more than five years ago.
Car buyers are stretching out their loan terms to record levels, with the average term for a new car loan at 67 months and the average used car term right behind at 62 mont
Car buyers are stretching out their loan terms to record levels, with the
average term for a
new car loan at 67 months and the average used car term right behind at 62 mont
car loan at 67 months and the
average used
car term right behind at 62 mont
car term right behind at 62 months.
According to the 2015 Automotive
Buyer Influence Study commissioned by AutoTrader.com and Polk,
new car buyers spend 70 percent of the shopping process online, and overall, an
average of 75 percent of the
car buying process is done online.
We assumed
buyers would make a 20 % down payment and finance the balance over 48 months at 4.05 % — the
average cost of 48 - month
new -
car loans when the study was done.
Buying a vehicle meeting these
new clean
car standards would increase a
car buyer's monthly payment compared to today's
average new vehicle, but the monthly fuel savings would more than offset the additional cost (by about $ 40 per month, on
average).