Mukilteo Beacon - Your Hometown News Source

By Mike Gold 

Off Kilter | Buying a car in this market

 

Last updated 1/22/2020 at 2:37pm



Sounds simple doesn’t it? From time to time, we all need to buy a car. This subject has become so complex that it really isn’t that simple.

First decision: buy or lease? The manufacturers have designed so many lease options that a surprising number of new car sales are actually leases. Over 90% of new car sales are leases, not purchases. That is astounding! Why is this? This answer is, in fact, simple. The average price of all new cars sold in the United States is over $30,000. Kelly Blue Book says it is now over $39,000. How many of us have over $39,000 in cash available to buy a new c...



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