A rise in car leasing demonstrates a shift away from traditional ownership

By Lombard Vehicle Solutions | 14 June 2017

A rise in car leasing demonstrates a shift away from traditional ownership

Figures disclosed from the Finance & Leasing Association (FLA) show that in the year ending March 2017, the total market for new car finance was £18.6bn, while used-car financing rose to £13.9bn. This large increase in the leasing market demonstrates a shift in the way both fleet and retail customers procure and use their vehicles. Leasing provides the driver with more flexibility in vehicle options and payment plans, which only widens the mobility spectrum.

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