Auto Leasing Hits Record High As Car Prices Soar

June 1, 2015 1:44 PM

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Auto Leasing Hits Record High As Car Prices Soar

With new vehicle prices climbing to all-time highs, a record number of Americans are turning to leases in a bid to keep monthly payments as low as possible.

"The difference between a monthly payment for those leasing a new vehicle versus those who buy new is almost $100," said Melinda Zabritski, Senior Director of Experian Automotive.

Also read: Police locate stolen car with 2 toddlers safe inside

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