Loading...

Auto financing update–leases set new record

Published: April 21, 2016 by Carrie Janot

As new vehicle prices continue to rise, more consumers are turning to leasing as a cost-effective auto financing option.

Findings from the most recent State of the Automotive Finance Market report show that the average lease payment for Q4 2015 was $412 (versus the average loan payment of $493). Not surprisingly, due to the fact that most consumers tend to finance vehicles based on monthly prices, leasing reached a record high, accounting for 33.6% of all new financing during the quarter.

Lenders can design more effective strategies by using analytics to gain insight into the latest trends and to target the right customers for automotive leases and loans.

>> Video: Auto Acquisition Strategies

Related Posts

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

Published: March 9, 2021 by Melinda Zabritski

The Q4 2020 State of the Automotive Finance Market report zooms in to get a better picture of the...

Published: March 4, 2021 by Melinda Zabritski

Last year is a testament to how quickly trends can shift, and entire industries can be turned upside...

Published: February 8, 2021 by Amy Hughes

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