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Consumers put less cash down on vehicles in Q1

Average amount financed for used cars rose 3.4% YoY to $29,314

Aidan Bush

A mix of rising vehicle prices and lower interest rates has consumers making smaller down payments to save money elsewhere. Medford, Ore.-based buy here, pay here dealership The Sole Savers Auto Sales has had to raise prices to stay profitable as fewer consumers come in, Sales Manager Mike Barber told Auto Finance News. The dealership […]

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