Facts about Leasing

Leasing now accounts for more than 30% of the average 15 million vehicles sold in the United States each year. Initially, tax law changes in the late 1980’s removed the advantages of buying over leasing which increased consumer awareness of the product. Additionally, consumers want to conserve cash for purposes other than the purchase of goods. Leasing has helped bridge the gap by requiring a smaller initial cash outlay than is normally required in a purchase transaction. Finally, the flood of low payment leases has had widespread appeal among consumers and commercial customers.

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