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Exactly, and that INCLUDES rental companies and lease companies: lease companies provide cars for lease mostly to individuals so these are only formally "compan
by anovikov 4y ago
Exactly, and that INCLUDES rental companies and lease companies: lease companies provide cars for lease mostly to individuals so these are only formally "company cars".
At most 10% are really "company cars" in the sense that "they are bought by companies to be used by their employees for business purposes e.g. delivery vans".
- onlyrealcuzzo 4y agoSo you're saying 40%+ of new cars are leased? Is this normal? Or is this higher than usual because of low interest rates?
- anovikov 4y agoNo they are not. Around 20% of all new cars sold are "fleet cars" that is, owned by companies not people. Of them, most are bought by lease providers to be leased by individuals - so they aren't "really" company cars, or bought by rental companies again, to be rented out to individuals. Under 10% are really "company cars" in the true sense - "bought by companies to be used by their employees for jobs like delivery, business trips, etc".