7 States with Lease Rates of At Least 20%
New York was one of seven states with lease penetration of at least 20 percent for full-year 2013, according to Equifax.
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ATLANTA –
If you’re looking for states that are ideal for putting together a lease deal, your best bet is likely the Northeast or Upper Midwest.
According to an infographic from Equifax that breaks down the lease ranges state by state on a U.S. map, leasing commanded at least a 20-percent share of full-year 2013 originations in the following states:
Connecticut
Massachusetts
Michigan
New Jersey
New York
Ohio
Rhode Island
The infographic, which cited the Equifax National Consumer Credit Trends Report and the Equifax Risk Score by State, also suggests that that average state credit score is “correlated” to lease penetration.
Case in point, six of the seven leading had average scores north of 700. The other, Ohio, was at 699.
The full map from Equifax can be seen here.
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