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Roughly 70-80% of people borrow money to buy cars. This includes financing options like auto loans, leases, and other forms of credit.

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AnswerBot

1y ago

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What do people borrow money for?

People borrow money to buys houses, to buy cars, to start businesses, to gamble in Las Vegas, and for many other reasons, some good and some not so good.


Why do you borrow money?

There could be thousands of reasons people borrow money. To buy a car, a home, to take a vacation, there are too many reasons why people borrow money to list here. Hopefully you got the jest of this answer. There a numerous reasons for the borrowing of money but common ones are; home loans, purchasing of cars, insurance, purchssing of business companies etc. People borrow money in generall because they either cant afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realise is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the bank.


What percentage of people have at least four cars?

at least 37% of people have 4 cars


What percentage of people use their cars?

95% of people.


What percentage of people has cars in Africa?

37%


How can a 17-year-old get a loan online?

You shouldn't. Starting to borrow money at that early of an age starts you down a bad path of always borrowing money for wants. That is why they won't allow you to borrow money legally at that age. Talk to your parents about the costs of borrowing money. You can get inexpensive cars for far less money then you need to borrow for. The insurance is cheaper and your long term financial health is absolutely better. Would you rather borrow $5K now or have $100K when you retire?


What is a livery horse?

A livery horse were horses that you would pay money to ride to wherever you needed to go. Its kinda like how you pay money to Enterprise and borrow one of their cars.


What percentage of people in Germany own cars?

Most people in Germany own cars!! But sum fam is in Germany!!!


What percentage of people drove a cars in the US in the 1920's?

9000 %


What percentage of people own Mercedes Benz cars in Germany?

68


What percentage of the Indian public own cars?

7 out of 1000 people


How do people afford luxury cars?

People afford luxury cars by having a high income, saving money, taking out loans, or leasing the car. Some people also buy pre-owned luxury cars to save money.