Loading...

Leasing grows in popularity as lenders ease credit standards

March 20, 2014 by Stacie Baker

The most recent Experian State of the Automotive Finance Market report shows more consumers are leasing vehicles. Leases accounted for 28.4 percent of all new vehicles financed in Q4
2013 – the highest level on record since 2006.

Lenders also are easing credit standards, as the average credit score for both new leases and loans decreased from the previous year. The change in credit standards gives consumers more financing options, but also means lenders need to consistently monitor both marketing and credit risk strategies.

Download the most recent State of the Automotive Finance Market Webinar.

Experian Automotive report shows auto loans are still first choice in financing, but leasing has become more popular than ever.

Related Posts

Experian’s Q4 2020 Market Trends Review takes a closer look at aftermarket trends, including the growing sweet spot....

March 31, 2021 by Marty Miller

In 2020, new trends emerged, driven by a continued shift in consumer preferences. Let’s take a closer look at...

March 24, 2021 by Marty Miller

Experian's Q4 2020 State of the Automotive Finance Market report gives insight into the current state of the leasing...

March 9, 2021 by Melinda Zabritski

Subscription title for insights blog

Description for the insights blog here

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Categories title

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Subscription title 2

Description here
Subscribe Now

Text legacy

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source.

recent post

Learn More Image