News

TRENDING: Top Cars for Recent College Grads

BMW 4 SeriesCollege graduation has come and gone for many seniors who received their degrees in May. That means new jobs, homes and even cars while transitioning from student life to the real world. Swapalease.com has data indicating the types of cars grads are dumping and the shiny new metal being purchased as a replacement:

Top Five Cars Graduates Are Dumping

  1. Toyota Camry
  2. Ford Fusion
  3. Nissan LEAF
  4. Toyota Prius
  5. Ford Edge

Top Five Cars Graduates Are Purchasing

  1. BMW 4 Series
  2. Dodge Charger
  3. Audi A5
  4. Ford F-150
  5. Lexus IS 250

Swapalease.com included other notable trends from its data:

Colleges with the Most Domestic Cars

  • Michigan State-89 percent
  • Rutgers-75 percent
  • Northwestern-66 percent

Colleges with the Least Domestic Cars

  • LSU & NC State-0 percent
  • Harvard & University of Washington-1 percent
  • UCLA-8 percent

Colleges with the Most Foreign Cars

  • NC State & LSU-100 percent
  • Harvard & University of Washington-99 percent
  • UCLA-92 percent

Colleges with the Least Foreign Cars

  • Michigan State-11 percent
  • Rutgers-25 percent
  • Northwestern-34 percent

Colleges with the Highest Average Monthly Payment

  • $1,081 LSU
  • $938 Alabama
  • $648 Rutgers

Colleges with the Smallest Average Monthly Payment

  • $317 Ohio State
  • $414 NC State
  • $453 UCLA

Swapalease.com also served some data specific to a few college towns:

Los Angeles

  • BMW is the most popular car brand
  • The 73% of cars leases being exchanged are foreign vehicles
  • The average monthly payment for vehicles in the Los Angeles area is $453

Ann Arbor, Michigan

  • Most leases from Ann Arbor are being traded to Florida
  • Dodge Charger is the most popular car
  • The average monthly payment for vehicles from Ann Arbor is $467

Austin, Texas

  • Most lease transfers from Austin go to Dallas
  • The most popular vehicle is the BMW 4 Series
  • The average monthly payment for vehicles from Austin is $576

Raleigh-Durham, North Carolina

  • Most lease transfers from the Raleigh-Durham area are transferred to Florida
  • The BMW 4 series is the most popular vehicle from the Raleigh-Durham area
  • The average monthly payment for vehicles from the Raleigh-Durham area is $414

Columbus, Ohio

  • Most lease transfers stay within Ohio.
  • Toyota is the most popular car brand within Columbus.
  • The average monthly payment for vehicles from Columbus is $317

Phoenix

  • The most popular vehicle in Phoenix is the Chevy Camaro.
  • The average monthly payment for vehicles in Phoenix is $518

Miami

  • Most lease transfers from Miami go to New York
  • 90 percent of the vehicles listed in Miami on Swapalease.com are foreign-made cars
  • The Mercedes-Benz C-Class is the most popular car
  • The average monthly payment for a vehicle in Miami is $606

Related Articles

Back to top button