You'll be shocked to see what they're leasing.
There’s been a lot of debate on whether millennialsactually like driving. While that debate continues to rage on, Edmunds recentlyanalyzed some research and found that millennials are more interested inleasing cars than the overall population. The research indicted that theyounger generation is interested in larger, more luxurious vehicles that aretechnologically advanced. Do you have any guesses on which automakersmillennials are leasing from before we show you the list?
According to Edmunds, millennials leasevehicles from the following automakers: Ram trucks, GMC, Lexus, Jaguar, Cadillac,Buick, Subaru, Scion, Mini and Acura. So just how popular is leasing withmillennials? Apparently leasing has accounted for approximately 29 percent ofall new car purchases of millennials from the ages of 18 to 34 in 2015. That’sa 46 percent jump in leasing by millennials over the past five years. It’s interesting to see millennialschoosing cars that are technology-centered, but there’s still a lingering questionthat needs to be answered. Is leasing or buying a vehicle better? We’ll leavethat question up for debate.