Community College of Allegheny County (CCAC) is a community college in the Pittsburgh, Pennsylvania area. With four campuses and four centers, the college offers associate's degrees, certificate and diploma programs.
The $37 acquisition fee ruse isn't the only one. Another is the slasher.. Here a dealership allows customers to inspect used vehicles at 8 a.m. on a Saturday, clears the lot at 9, reopens at 10 and unleashes the slasher at 11 to go car to car placing a price on the window. Whoever is sitting in the car can buy it at that price. On a handful of cars, the slasher's price is chump change.
Edmunds.com auto researchers show the average transaction price for a new vehicle in the fourth quarter was $33,352. That means buyers were making down payments averaging about 15%. Other research says the average transaction price then was around $32,000, suggesting that buyers made down payments of 10% - 12%. For used vehicles, the average loan amount increased $437 from last year, to $18,411. Experian says the average length of a new-car loan in the fourth quarter rose to an average 66 months, and a used car loan hit 62 months.