What is Auto Leasing Anyway?
April 16th, 2008
Are you considering an auto lease deal over conventional buying?
Auto leasing is gaining popularity among consumers in the US because it offers them a chance to drive the cars they want, often better cars than they can afford to buy.
Low monthly payments are a big attraction of auto leasing. Auto leasing is more popular than ever – leasing has grown ten times since the mid-eighties. In fact, 29-36% of the 15 million-plus cars sold in the United States are leased.
Auto leasing is increasingly popular among money conscious consumers. While only 12 percent of total passenger cars delivered in 1986 were leased, 24 percent of 1992 deliveries were leased, and 28 percent of 1997 deliveries are expected to be leased. That number is expected to double in the next 5 years in the U.S. alone.
Entry Filed under: Car lease financing
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