They say the US leads the way with many trends and perhaps short term leasing is one such market. Brand new research from Edmunds looked at US car registrations during the first 6 months of 2015 and found that of the 28.9 per cent of all new vehicles being registered for leasing, there was a 46 per cent increase in car leasing by Millennials i.e. those born after 1980. In fact in America, this segment accounts for some 26.7 per cent of the overall leasing market.
The research by Edmunds indicates that it is the younger leasing segments who seem to be more aware of the benefits of leasing and that they also have budget limitations, making leasing a far better option to acquire a new car. Leasing a car means that you certainly do get more car for your money and you limit your exposure to the often unreliable used car market too.
No matter your age though, if you’re uncertain how long you’ll need a new vehicle for, check out our flexible short term leasing deals. If you’re confident that you’ll need your car for 3, 6, 9 or even 12 months, then a fixed-term short term contract will be more suitable for you and it should save you money over the former. Either way, you’ll enjoy a superb contract hire car for a fixed price every month. For a selection of vehicles, browse here!