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

Answer 1

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

Answer 2

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

Answer 3

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.

Answer 4

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

Answer 5

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.

Answer 6

Most people take out a loan.