Drivers are choosing Flexcar over buying or traditional leasing
BOSTON, October 24, 2024 — Flexcar, the flexible car lease company, today released customer survey data that shows drivers’ preference for the company’s flexible car leases over traditional car ownership models of buying or multi-year leasing.
Flexcar sent surveys to all drivers who signed up for a Flexcar in August and September, and received 613 responses. Insights included:
- The majority of customers are signing up for Flexcar as a replacement for car ownership: More than 60% of respondents reported choosing a Flexcar as a “car ownership replacement,” with plans to use Flexcar for more than one year.
- Drivers plan on selling their car or returning their lease after signing up for Flexcar: For respondents who already owned or leased a car and signed up for Flexcar, more than 50% reported that they plan on either selling their car or returning their current lease.
- Affordability is the top reason why drivers choose Flexcar: 49% of respondents cited affordability — specifically, the “lower car payment, zero down, insurance & maintenance included” — as the primary reason they signed up for Flexcar.
“Drivers are clearly ready to abandon the expensive, traditional ways of getting a car,” said Jake Marston, vice president of marketing at Flexcar. “The fact that so many are selling their cars after joining Flexcar shows how much they value the freedom and affordability of our all-inclusive, flexible car lease model. This is the future of car ownership.”
Flexcar is announcing this data during a time of significant growth for the company. In the first half of 2024, Flexcar announced a fleet expansion, offering drivers a range of additional economy and luxury vehicles. This year, Flexcar also announced geographic expansion. The company now serves metropolitan areas in Massachusetts, Connecticut, Georgia, North Carolina, Rhode Island, and Tennessee.
About Flexcar
Flexcar offers month-to-month flexible car leases with zero down payment and the ability to cancel anytime. Drivers can choose their car on the Flexcar website or mobile app, specify whether they’d like to pick up the car or have it delivered, and drive the car for as long as they’d like. With Flexcar, everything is included in one monthly payment. Learn more at flexcar.com.
