Large vehicles are rather pricey.
Buying a new or used car often means that you must find financing.
A person’s financial situation can change while they are paying off a car loan, and if it changes for the worse, then it will be difficult to make the payments on time each month.
Ride-sharing options may be proliferating and the percentage of Americans obtaining drivers licenses may be declining. But for now, reports on the end of the car-ownership model are greatly exaggerated.