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