MONEY & CAREER CHEAT SHEET
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According to a recent analysis from Experian, new registrations of American muscle cars jumped 35.4% over the past nine years. That’s an impressive growth rate considering the attention given to fuel efficiency these days. Unsurprisingly, Texas was the biggest fan. Residents were 79% more likely to buy American muscle than consumers in other areas of the country. The next highest-ranking states were Oklahoma (75%), Louisiana (67%), and New Mexico (63%).
Let’s take a look at the most popular muscle cars based on new registrations and how people are paying for them. Undoubtedly, some car enthusiasts will disagree with what classifies as a true muscle car these days, but let’s at least agree these six cars will turn heads.
6. Dodge Viper
5. Chevrolet Corvette
“With the Viper and the Corvette being on the higher end of the muscle cars reviewed, it’s not that surprising that a higher percentage of consumers paid for them in cash. Our findings show that those buyers had the highest credit scores (with the average a full 26 points higher than the other models), which could indicate that they have more disposable income,” said Melinda Zabritski, Experian’s senior director of automotive finance.
4. Dodge Challenger
3. Dodge Charger
“Alternatively, what was surprising is the picture that emerged around Challenger and Charger buyers. With so many of those buyers falling into the subprime category and such a high percentage taking out longer loans, these consumers were probably offered higher interest rates, which motivated them to find ways to help keep their payments low,” said Zabritski.
2. Chevrolet Camaro
1. Ford Mustang