Share of new U.S. vehicles on lease 2017-2019

In the fourth quarter of 2019, almost 30 percent of vehicles leased in the United States were new vehicles, with the others being sold outright.

Why lease a vehicle?

Depreciation is the largest portion of the average annual cost of vehicle ownership. When leasing a vehicle, this cost is absorbed by the leaser, rather than the consumer. Similarly, maintenance costs are often paid by the company leasing the car, in order to keep the car in good condition for eventual sale after the lease ends. Finally, with the interest rates on auto loans approaching five percent on average for a 60-month loan, financing a car purchase can add a significant amount to the sticker price.

The auto market in the United States

Vehicle sales in the United States amount to millions of cars per year. Through leasing new cars, drivers have the opportunity to enjoy a new vehicle without worrying about the longer term issues of car ownership. For suppliers, the cars retain a significant portion of their original value. After the lease, suppliers can then sell them in the automotive aftermarket.

Share of new vehicles on lease in the United States from 1st quarter of 2017 to 4th quarter of 2019

Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date

April 2020


United States

Survey time period

Q1 2017 to Q4 2019

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.