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More Americans leasing vehicles

Created: 09/04/2014 8:11 AM WHEC.com

Leasing a car is now the primary choice for millions of Americans wanting to drive a new vehicle.
 
According to new data from Experian Automotive, the percentage of new vehicles sold through lease programs hit an all-time high in the second quarter. Just over 25-percent of all new vehicles sold from April to June were financed through leases.
 
The average monthly payment for those vehicles was $407 and more than 70-percent of those leases expanded two to three years.
 





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