Overhaulin'

What % of people lease vs. buy cars?

Public Comments

1. About 20%-30% of new cars are leased, compared to being purchased with cash, or with a loan. Luxury cars are leased at a much higher percentage (60%-70%) -- either by people who can't afford them otherwise, or by people who have the cash, but prefer to conserve their cash for more productive purposes -- investing, paying down credit cards, etc.
2. At my dealer 80% plus lease new cars.
3. Actually, in Canada the percentage of people who lease is closer to 60-70%. 7% of all Sales are Cash, and the remainder are Straight Finance. These statistics are from the OADA and are current for the 2007 Model Year.