The Chevy Equinox is the third most leased vehicle in the U.S., per a new report from multinational credit reporting company Experian.
According to the recent Experian report, the Chevy Equinox accounted for 1.99 percent of all vehicles leased in the U.S. during the fourth quarter of the 2020 calendar year, slotting in as fifth most leased model in the market. At the top of the list of the top 10 most leased models is the Honda CR-V at 2.69 percent, followed by the Honda Civic at 2.53 percent, the Toyota RAV4 at 2.44 percent, and notably, the Chevy Silverado 1500 at 2.13 percent. Stay tuned for follow-up coverage on the Chevy Silverado 1500’s ranking coming down the pipe soon.
The Experian report also provides the average monthly payment for the top 10 most leased models, with the average monthly payments for the Chevy Equinox set at $320 for lease deals and $452 for loan deals.
Interestingly, Chevrolet was the third most leased car brand in the U.S. during the fourth quarter of the 2020 calendar year, with Chevy vehicles accounting for 9.21 percent of all vehicles leased in the U.S. during the time period. Honda was at the top of the list of auto brands with 11.6 percent, while Toyota was second at 11.16 percent. Chevy was followed by Jeep at 5.47 percent and Ford at 5.41 percent. Notably, GMC was sixteenth on the list at 2.38 percent, while Cadillac was nineteenth at 1.76 percent.
The Experian report also identified financing types for the top 20 most leased new makes, with Chevrolet models skewed towards loans with 73.18 percent loans and 26.82 percent leasing.
SUVs were the main vehicle segment in which consumers financed during the Q4 2020 time period, with more than 55 percent of new vehicles financed being SUVs. Full-size pickups accounted for 13.98 percent of new vehicles financed.