#Japan #Tokyo #Car Leasing #Kuruka #Driving Distance

Overview of Car Leasing and Purchase Preferences

A recent survey conducted by Kuruka examined the preferences of new car buyers regarding car leasing and purchasing, with a focus on how average driving distance influences these decisions. The study involved 1,076 participants who purchased a new car within the last three years and contributed to the purchasing decision. Findings indicate a significant correlation between average driving distance and both interest in car leasing and understanding of the concept.

Understanding of Car Leasing by Driving Distance

The survey revealed that participants who drive more than 100 kilometers in a single trip show a much higher comprehension level of car leasing compared to those who drive fewer than 10 kilometers. Specifically, 43.6% of long-distance drivers reported being well-acquainted with the details and mechanics of car leasing, while only 14.0% of those who drive less than 10 kilometers could say the same. Interestingly, the data suggests that shorter-distance drivers tend to have only a basic awareness of car leasing, indicating a gap in understanding that might influence their choices.

When asked about familiarity with car leasing, responses reflected this trend:

• - Less than 10 km: 14.0% knew well; 39.8% had some knowledge; 31.0% heard of it but lacked detail.
• - More than 100 km: A significant 43.6% felt knowledgeable.

Interest in Leasing by Distance

A striking difference appeared when participants were queried about their interest in using a car lease for their next vehicle purchase. Among those who average over 100 km in a trip, 68.6% expressed a willingness to consider leasing. This contrasts sharply with just 30.1% of those who drive less than 10 km, representing a significant gap of 38.5 percentage points.

Responses regarding their willingness to use leasing were notably different:

• - Less than 10 km: 7.5% eager to try leasing; 34.9% would not consider it at all.
• - More than 100 km: 28.6% were enthusiastic about leasing.

This disparity suggests that shorter drivers find leasing less appealing, perhaps due to the concerns associated with potential overall costs.

Anticipations from Leasing Based on Distance

Participants with interest in leasing indicated varying expectations based on their typical driving ranges.

• - For those driving less than 30 km, key desires included avoiding significant upfront costs.
• - Conversely, drivers averaging more than 50 km indicated a strong preference for bundled services like taxes and inspections being included in the lease structure. Notably, 70.8% of participants driving over 100 km preferred the convenience of all-inclusive costs.

Responses about what potential lessees anticipated in a leasing agreement highlighted these trends:

• - Short-distance drivers mostly favored avoiding large initial costs.
• - Long-distance drivers were more concerned about the comprehensiveness of included costs.

Reasons for Not Choosing Leasing

When asked about the reasons for hesitance or refusal to consider leasing, responses again varied significantly by driving distance.

• - Short-distance drivers (less than 10 km) often cited fears of total costs exceeding purchase prices as their primary reason for rejecting leasing considerations.
• - In contrast, drivers over 30 km highlighted limitations associated with mileage as a primary concern.

Key findings summarizing why participants refrained from leasing included:

• - Less than 10 km: 40.2% unhappy with total costs potentially exceeding buying outright.
• - 100 km or more: Over half noted the concern about costs and asset ownership non-clarity.

Conclusion

The survey results illustrate a clear relationship between driving distance and attitudes toward car leasing as opposed to outright purchase. Key trends suggest that as the average driving distance increases, so too does familiarity and interest in leasing, coupled with distinct expectations from leasing agreements. For consumers considering their options, it is paramount to evaluate personal driving habits alongside the financial implications of car leasing versus purchasing to ensure an informed decision.

About Kuruka

Kuruka offers a car leasing service that accommodates new car purchases with minimal initial expenses and provides an inclusive monthly payment structure that covers taxes and inspections, making it an appealing option for many. To learn more, visit their website here.