Contract signing online and willingness to sign online by U.S. car buyer age group

Published by
Mathilde Carlier,
Mar 28, 2024
In a survey realized in the fourth quarter of 2021, just over three-quarters of Gen Z and Millennial respondents were willing to sign their car financing contract online, compared to 59 percent of Baby Boomer survey participants. This contrasted with the success of online financing applications, which attracted a greater share of U.S. car buyers.

Online car financing contract signing and willingness to sign online for U.S. buyers in the United States as of November 2021, by age group

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Release date

April 2022

Region

United States

Survey time period

October 7 to November 16, 2021

Number of respondents

3,050 respondents

Age group

18 years and older

Special properties

respondents who financed the lease or purchase of their vehicles within the past 12 months..

Supplementary notes

The survey count included 2,116 new car buyers and 934 used car buyers. Respondents have used the internet in their shopping process.

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