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Finance Insurance

Leasing, loan terms set records as consumers seek low payments

The average U.S. lease term still hangs at about 36 months, Edmunds says, and consumers whose leases end in that time will most likely stay in the leasing cycle, which is a plus for brand loyalty. (DAVID PHILLIPS)
HL
By:
Hannah Lutz
March 02, 2016 05:00 AM

Leasing penetration and new- and used-vehicle loan terms have broken all-time records, illustrating the value of a low monthly payment, Edmunds.com said.

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