On: VW plans to sell electric Tesla rival for less than $23K: source

[outadoc]

In my experience many people take out a loan, yes. And after that you try to get most of your money back when selling the car - which is why most people won't buy new, since new cars lose a lot of their valuation immediately after purchase.

[mcv → outadoc]

I think most people either lease or buy second hand.