When Did Car Leasing Get So Popular?
April 16th, 2008
Reader Question When did auto leasing become so popular? It seems every TV advertisment is for car leasing not car buying? What happened to the old car buying days?
Jerry,
Dallas,TX
Perhaps as recently as 8 years ago, most auto consumers had never really heard nor considered leasing a viable options for their auto financing.
Today, leasing accounts for nearly 35% of total auto sales in America (that?s more than double that of the previous decade)! Perhaps, the most important thing to keep in mind is experience. In fact, that may be why you are seeking professional help instead of trying to restore your own muscle car.
Perhaps more importantly, this angle helps to solve the incentive mess that manufacturers dug for themselves with 0% financing and ever-spiraling rebate deals. They started in the 1980s with Lee Iacocca’s “buy a car, get a check” $50 rebate campaign.
Entry Filed under: Car lease explained
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