His past roles here include Sr. In the Mideast states, lease penetration recorded the second highest year-over-year growth, and reached its highest level in more than six years at 31 percent. Relevant discussion may be found on the talk page. Text is available under the Creative Commons Attribution-ShareAlike License ; additional terms may apply. Cadillac progressively increased leasing in the fall of , from below five percent in July to above 30 percent in December Editor Joe Overby contributed to this report. Skip to main content.
As consumers will typically use a leased vehicle for a shorter period of time than one they buy outright, leasing may generate repeat customers more quickly, which may fit into various aspects of a dealer's business model. Recently a new view on leasing is that the market has grown for short term lease called 'flexi-lease'. Redirected from Car lease. A lessee does not have to worry about the future value of the vehicle, while a vehicle owner does. Some consumers may prefer leasing as it allows them to simply return a car and select a new model when the lease expires, allowing a consumer to drive a new vehicle every few years without the responsibility of selling the old vehicle, or possible repair costs after expiry of the manufacturer's warranty. This article relies largely or entirely on a single source. The prevalence of leasing in the United States for GM , Ford and Chrysler have been rising close to the industry norm since reaching low single digits in , but still lower than BMW and Mercedes-Benz.
Vehicle leasing - Wikipedia
Vehicle leasing offers advantages to both buyers and sellers. Any sales tax is due only on each monthly payment, rather than immediately on the entire purchase price as in the case of a loan. From Wikipedia, the free encyclopedia. The key difference in a lease is that after the primary term usually 2, 3 or 4 years the vehicle has to either be returned to the leasing company or purchased for the residual value. Redirected from Car lease.
Description: From Wikipedia, the free encyclopedia. Retrieved from " https: Some consumers may prefer leasing as it allows them to simply return a car and select a new model when the lease expires, allowing a consumer to drive a new vehicle every few years without the responsibility of selling the old vehicle, or possible repair costs after expiry of the manufacturer's warranty. This is almost the same as van hire but typically involves the finance or leasing company maintaining and being ultimately responsible for the vehicle.