The American economy is 100% Dependant on Oil .Believe it or not Oil runs our economy. When Gasoline prices rose nearly $5.00 a gallon it nearly crippled the economy. All prices took a price hike…after all product from your grocer to your favorite haberdasher shelves don’t get there byosmosis but by truckin & trucks Gasoline or Diese Fuel .
Having said all this the Auto Industry is paramount in our society. Years Ago when a car cost anywhere from $3,000 -12,000 you could save up for a car in a few years.. today its virtually impossible to do that.. Today a car may run you as much as $30,000 and that basically for the entry-level vehicle not an Infinity ..Lexus or Caddy. Every year car prices increace. By the time that you sock away money to purchase a car it cost more & Your money buys less. Leasing is the only way that he vast majority can not buy a new car.At one time if weren’t a business they wouldn’t lease to you..not the situation tiday .For a mere down payment you can lease a car for as little as $170.00 per month.
Having said that the average American no longer has neither the salary or bank account with over $30,000 minimum to take out and buy a car.. Without Leasing the Oil sales disappear and our economy takes a dive and business’ takes spiral plunge downward…
MOSES LERMAN BLOG ADMINISTRATOR & EDITOR
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