The purchase of a vehicle is the second most important acquisition made by Spaniards, only surpassed by the home. A sign of its importance is that it is very sensitive to the economic situation. In the heat of the recovery (and the PIVE plan) the purchase of new vehicles has skyrocketed, a positive measure not only for the industry but also because Spain continues to have an old-fashioned car fleet with clear negative effects on aspects such as pollution and energy efficiency.
The substitution is positive, but it is not necessary to do so exclusively through purchase. There are other formulas such as leasing and especially renting that have grown in recent years and in the case of the latter have jumped from being an almost exclusive product for companies to be also for individuals.Continue reading