What percentage of people lease cars instead of buying?

Several of my friends have talked about how much they prefer leasing over buying a car, but I'm not sure if this is the right decision for me, or how many people on a larger scale are leasing vehicles. How many Americans lease cars?

Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question! Leasing a car isn’t the most popular choice in the U.S.: as of late 2020, only about27% of new vehicles were being leased instead of purchased.
Leasing is often unpopular because you never actually own the vehicle, you have to pay for full coverage
car insurance
, and you may be subject to a mandatory down payment.
However, leasing also allows you to have the newest car of your choice. It will also allow you to do a
lease swap
, which is generally more convenient than selling a car that you own.
If you do choose to lease a car, you should make sure that you’re getting the best deal possible on your full coverage. If you want to find the best deal easily, check out
—we’ll get you customized quotes from top-of-the-line providers so that all you need to do is pick the plan that works best for you!
Whether you choose to lease or buy, enjoy your new ride!
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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