With car prices rising, more people are financing their purchases. This year through August, 59 percent of car buyers took out a loan, compared with 53 percent in 2007, according to J.D. Power. Leasing, which also becomes more affordable as the cost of money drops, grew to 21 percent of sales, up from 13 percent in 2009, J.D. Power said.
To continue reading this article, please go to http://www.bloomberg.com/news/2012-10-01/auto-loan-rates-at-record-lows-helps-drive-sales-in-u-s-.html?cmpid=yhoo.