Online car financing application and willingness to apply by U.S. buyer age group

Published by
Mathilde Carlier,
Dec 19, 2023
In a survey realized in the fourth quarter of 2021, just under 100 percent of the Gen Z and millenial U.S. car buyers surveyed reported being willing to apply for financing online, with 34 percent of this age group having already used the internet to apply for car financing. These numbers dipped lightly for Baby boomers, 91 percent of which were willing to apply for financing online.

Online car financing application and willingness to apply for U.S. buyers in the United States as of November 2021, by age group

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Release date

April 2022

Region

United States

Survey time period

October 7 to November 16, 2021

Number of respondents

3,050 respondents

Age group

18 years and older

Special properties

respondents who financed the lease or purchase of their vehicles within the past 12 months..

Supplementary notes

The survey count included 2,116 new car buyers and 934 used car buyers. The respondents must have used internet during their shopping process.

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Topics

Auto Dealers in the United StatesAutomotive industry in the United StatesCar brands in the United StatesMotor insurance in the United StatesVehicles in use in the U.S.
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