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More and more French motorists prefer to rent their car rather than buy it. Last year, 47.2% of new vehicle sales were rentals.
For decades, motorists have bought cars. However, for some time the trend has been for rentals. In a dealership in Chambly (Oise), two thirds of the cars are leased. Retired, Sylvie Labussière rents her new car 200 euros per month. “It’s peace of mind and then a financial advantage I think because when I had my old car that belonged to me overhauled, it cost me a lot of maintenance”, she confides.
This method of financing could soon become the majority in France. In 2012, only 11% of new vehicle sales were rentals compared to 47.2% last year. Companies in the second-hand sector are also adopting this practice. Co-founder of Reezocar, Laurent Potel announces “100% more growth and in this 100% more growth, there are 50% that are attributed to the LOA” (rental with option to purchase). Some experts point out, however, that renting can also be a little more expensive for a loan.
Among our sources
C-Ways consulting firm (figures not available online)
Non-exhaustive list