CAR BUSINESS IN AMERICA.
Figures from Florida cdiow that 1.80,000 tourists, in cars, visited the southern States during the .season last vear. Two million cars crossed the Oanadia.n border in 1924. 1 lie total mileage represented in itineraries issued bv the British Automobile Association' in 1025 was 76,000,000 ! With the general introduction of the American 'system of instalment payments, says an exchange, there would appear to".be many a prosperous year for the motor-innpo-rter before absorption point is reached. A buyer in the States pays down a certain sum—for a Ford machine as little as 12.50 dollans! and gives his dealer a mortgage covering the car and a series of notes maturing at regular intervals or a single note on whicl” monthly payments are endorsed. It is estimated that there is in existence in America 3.000,000,000 of instalment- “.paper” out-sanding, and it is said that from one-half to two-thirds of this represents sales of automobiles which have been financed by the banks, which appear to regard the business favourably.
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Hawera Star, Volume XLV, 30 January 1926, Page 11
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168CAR BUSINESS IN AMERICA. Hawera Star, Volume XLV, 30 January 1926, Page 11
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