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?

Answer
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 Jerry—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!
Eric Schad
Answered on Nov 04, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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