Overhaulin'

What is the percentage of people in America that own vs. finance their cars ?

my guess is 10%own and 90%finance, but I can't find this information on the web without getting searches that pull up leasing vs. buying.

Public Comments

1. Leasing is a form of financing the car. In my experience, about 25% of people pay cash and/or cash + trade to get the car, and 75% either get a loan or a lease.