According to Comerica's Bank Auto Affordability Index released today, it took an average of 22.8 weeks to purchase a new car in the last quarter of 2008, up .5 weeks from the third quarter and down 1.3 weeks in compared to the last quarter of 2007.
Added to the time to pay off a vehicle are the rising interest rates on car loans, too. The total cost to buy an average light vehicle was $27,700, up $600 from the third quarter of 2008. This has also occurred while the medium family income has slid south.
*Car Reviews *A New Car Pricing Research Guide *Electric Vehicle Education & Tax Incentives *Used Car Research *A Car-Payment Calculator *College/Graduate/Trade School Degree Incentives *Recall Updates & More!
Subscribe to:
Post Comments (Atom)
2025 Mazda MX-5 Miata RF Club: The Brand’s Iconic Hardtop Compact Roadster
Highlight: This is the one the few vehicles available with a manual transmission. Test Vehicle’s MSRP: $42,485 ( Base RF MSRP) : $38,735 ...
-
We had the opportunity to meet the Howard University graduate at last year's Detroit North America International Auto Show. In 2005, We... -
It was a piece of popular fiction that Bud Selig (the current baseball commissioner), was responsible for initiating Henry's (Hank Aaron... -
Oprah, being a fan and owner of a convertible Beetle, does it again, giving away over 275 new Beetles -- before they hit the street to her i...
No comments:
Post a Comment