 TITLE: What’s the Average Length of a Car Loan? CONTENT: What Is the Average Term Length for a New Lease?\n------------------------------------------------\nIn contrast with loan terms, auto lease terms fell from Q2 2019 to 2020, albeit very slightly. The overall average lease shortening from 36.76 months in Q2 2019 to 36.66 months for the same period in 2020.\nSegmented by credit score, changes in lease terms broke out as follows:\n*   Among **super prime borrowers**, the average lease terms slipped to 35.87 months in Q2 2020 from 35.98 months a year earlier.\n*   Average lease terms for **prime borrowers** ticked down from 36.96 months in 2019 to 36.92 months in 2020.\n*   Among **nonprime borrowers**, average lease terms remained unchanged, at 37.40 months, from Q2 2019 to the same period in 2020.\n*   **Subprime borrowers** saw the largest reduction in average lease term—declining by 0.25 months (or roughly one week), from 37.46 months in Q2 2019 to 37.21 months in 2020.\n*   **Deep subprime borrowers** were the only group that saw lease periods lengthen: The average lease term for those consumers extended very slightly, from 37.23 months for Q2 2019 to 37.35 months for the same period in 2020. END