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    Consumers Spend Only Half of Recommended Down Payment on New Car Purchases ...

    18.05.12

    SANTA MONICA, Calif., Apr 24, 2012 (BUSINESS WIRE) -- U.S. consumers averaged an 11 percent down payment on new car purchases in 2011, according to Edmunds.com, the premier online resource for automotive information. The average is only slightly more than half of Edmunds.com's recommended 20 percent down payment, and puts buyers at risk of immediately owing more than the car is worth.


    Source: MarketWatch (press release)