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I always anticipate an auto loan bubble burst, but haven't seen it yet. Keep waiting for a glut of used cars to choose from at low prices.
Anyhow, the average age of a new vehicle buyer is 54. The median salary of 45- to 54-year-olds is $1,224 per week or $63,648 per year.
People wanting affordable vehicles just buy them used, and those capable of affording a new vehicle are capable of affording a more expensive one.
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