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Cars Insight | Ownership

 

Stephen Wallace

Planning Partner

GTB

Stephen.Wallace@gtb.com

 

People enjoy

the convenience

of owning a car

 

The ownership preference is not going to go away. A lot of people don’t live in cities. If my home is on a rural road I may prefer to have a car parked at my house rather than to wait for the ride share service to arrive. Recent research on electric vehicle owners indicates a preference for ownership. Although dealers are bundling services, many people, especially those who’ve owned electric cars, think they can outsmart the lease cost. They’re thinking, “I’d rather own the car and buy my own service and work out my own charging packages because I can get a better deal.” Ownership is a habit, and for some it provides important convenience with the vehicle parked outside the door.