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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.

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  • 2 months ago

    Quite a few actually.

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  • DEBS
    Lv 7
    2 months ago

    google is your friend.....

    63% of homes have a mortgage.

    43% of adults have a auto loan.

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  • 2 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.  

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  • 2 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. 

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