If you put on magic glasses that told you what was actually paid for and not financed how many cars and or houses would be all paid off?
While walking around an neighborhood.
- Elaine MLv 72 months ago
Quite a few actually.
- DEBSLv 72 months ago
google is your friend.....
63% of homes have a mortgage.
43% of adults have a auto loan.
- MichaelLv 72 months ago
According to my 30 seconds of google research, about 40% of homes in the US are owned free and clear and 85.4% of new car purchases involve financing.
- A HunchLv 72 months ago
Why would it matter?
It would be more concerning if someone paid cash for a $30K car than got a 4y car loan at 1.9% financing...
- way better financially to use someone else's money in this situation then your own.