Consumers preparing to embrace car leasing for more flexibility
Findings from a new report predict a rise in the demand for car leasing as consumers seek greater financial flexibility in their car-buying habits.
According to the McKinsey Center for Future Mobility (MCFM), drivers are poised to make leasing their preferred financing method due to the flexibility and convenience that it offers.
Over 4,000 drivers from across the United Kingdom, France and Germany answered the McKinsey Mobility Consumer Pulse survey, giving invaluable insight into their future plans.
When analysing the circumstances of the respondents, 61% of those quizzed confirmed they currently owned a car, while as little as 8% leased their vehicle.
With consumers demanding more financial freedom, the report confirms many consumers are leaning towards leasing.
When asked about their future plans, 14% of respondents admitted they would consider leasing their next vehicle. There was also a 3% drop in the number of consumers planning to buy their next car outright.