SOURCE: LeaseTrader.com

LeaseTrader.com

January 18, 2012 11:25 ET

LeaseTrader.com Poll: Two Thirds of Drivers Believe They'll Always Have Car Payment

Poll Shows Changing Mindset & Behavior of How Americans Look at Cars as an Investment

MIAMI, FL--(Marketwire - Jan 18, 2012) - The only things certain in life are death, taxes... and a car payment? According to a new poll by car lease company LeaseTrader.com, 64.3 percent of respondents feel they will always have a car payment, up from 48.6 percent five years ago.

The nation's most recognized name in car leasing, LeaseTrader.com polled about 500 drivers from around the country and compared results with a similar poll the company conducted at the beginning of 2007, when the belief of always having a car payment was split down the middle. According to the poll conducted online at the beginning of December, almost two thirds of people believe a car payment is now just a way of life and they expect to always have one.

"Because there are a lot of similarities between cars and cell phones today people also look at car payments with the same pay-as-you-go mentality," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "More people today realize having a car payment is just something they will always have."

The poll was taken by current and former users of LeaseTrader.com. Here are a few additional interesting notes from the poll:

  • Only 61.2 percent of those who took the poll are currently leasing a vehicle.

  • Interestingly enough, of those respondents not currently leasing a vehicle, almost the same percentage of people share similar views on always having a car payment (59.8%).

  • According to this data, even those who are in a situation where they could drive the same car once it's paid for, they still believe they'll move directly into another car payment.

  • Only 21.6 percent believe a car could be considered an investment today, compared with 45.3 percent back in 2007.

About LeaseTrader.com
LeaseTrader.com, the most recognized name in car leasing, easily and affordably matches car shoppers with individuals looking to escape their auto lease. Visit www.LeaseTrader.com, on Twitter @Lease_Trader, or call 800-770-0207.