Description
Make more informed decisions by learning from our experience
Sky-high interest rates and tightening credit have made buying a new car more daunting than it’s been in years. It comes at an unfortunate time when inventory on lots is looking better than at any time since the pandemic. And it’s made people rethink how they’re financing this very large purchase.
In a recent survey, CDK Global asked approximately 1,000 new car buyers how they financed their purchase. Nearly three out of 10, 29%, paid in cash.
