Fixed Monthly Plan Suggested For Car Buyers
AP Automotive Writer Ben Phlegar reports that average new car buyers pay monthly installments for 29 to 30 months, then rebuild a down payment for the next car. About 65 percent of new car buyers use installment plans, with average monthly payments around 89 dollars, and auto loans for used cars even higher. Total consumer debt on vehicles nears 16 billion dollars, about 235 dollars per licensed vehicle. A Michigan study shows many buyers are middle income, earning 3 000 to 10 000 dollars annually, with some paying cash. Repossessions run about 0.5 percent as conditions improve. The piece notes Britain's royal visit to Canada in 1860 by the Prince of Wales, who would become King Edward VII.
MENTIONED IN THIS ARTICLE
Rude
Survey Research Center
University of Michigan
House of the Week X-62 Provides Flexible Four-Bed Ranch
Architect Rudolph A. Matern presents House of the Week X-62 a seven room contemporary ranch designed for growth. The sleeping section splits into four bedrooms for children then converts into two suites for a couple or grandparents with minimal carpentry. The plan emphasizes efficient living areas a long rear porch and a 1 492 square foot habitable space plus 360 square feet in garage and shed.
MENTIONED IN THIS ARTICLE
Matern
Deaf Boy Regains Hearing After Auto Accident
Four year old J Byron Patterson of Garden Grove Calif regains hearing after being struck by a car and dragged 41 feet two months ago He suffered a leg and rib injuries and four hour brain surgery His mother says the turn of events is the best thing that has happened He wore a hearing aid before the accident and began to make sounds after returning home Doctors expect further tests to gauge remaining hearing and his family fears he may skip a school for the deaf plan
MENTIONED IN THIS ARTICLE
Garden Grove
Calif
J. Byron Patterson
J. Byron
J.B
Dorothy
J. B
Floyd
Youth Is Charged In Highway Death
Edward Ray Ehley aged 18 of Letart has been charged with negligent homicide in the June 25 highway death of Charles Wesley Herdman 19 also of Letart. Herdman died when the car they were in lost control and overturned east of Graham Station. Ehley, released from a hospital after treatment, faces the additional charge of operating an automobile without proper registration. He did not have a driver's license or license plate.
MENTIONED IN THIS ARTICLE
Point Pleasant
Edward Ray Ehley
Letart
Charles Wesley Herdman
Herdman
Ehley
Graham Station
Queen Elizabeth II Visit Sparks Pickpocket Ring in Cornwall
Police report a gang of traveling pick pockets swarmed crowds awaiting the Queen in Cornwall. They allegedly extorted about $4,000 from spectators by posing as vendors of novelties and balloons during the royal visit.
MENTIONED IN THIS ARTICLE
Toronto
Cornwall
Soviet Choir To Tour United States Underway
The Pyatnitsky choir prepares a U S tour learning American folk tunes. They will mostly perform Russian songs and include a few spirituals.
MENTIONED IN THIS ARTICLE
Moscow
Pyatnitsky
United States
Still better times ahead says AP Business News
san dawson notes Americans expect the second half of the year to improve over the first with more jobs higher incomes and potential price rises. The outlook includes uncertainty on housing stocks the dollar Detroit cars and the steel industry, where a strike could halt work for hundreds of thousands.
MENTIONED IN THIS ARTICLE
New York
Detroit
Also Mentioned on This Page
Ben Phlegar
Automotive
Alan G. Rude
Universal C.I.T. Credit Corp
Britain
Canada
Prince of Wales
Montreal
King Edward VII
Switch
David L. Bowen
Rudolph A. Matern
School For the Deaf
Earwood St
Appalachian
Apelachian Power Company
Quality Lumber and Supply Co
City Ave
New River
WOAY
General Electric
West Bend
Beckley
NEW River Supply CO
Brimstone
Oak Hill
Business Mirror
By San Dawson
AP Business News
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