People Aren’t Leasing Cars, and It’s Killing the Used Market

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More and more car shoppers in the U.S. seem to be foregoing leasing their next vehicle in favor of buying or financing them outright, according to a new report from Business Insider.

The outlet says that leases made up just 17 percent of the car market in July of 2022. That’s a big drop compared to the 31 percent share leases had in January of 2022, according to TransUnion. Apparently, of the 3.8 million people who had a lease end between July…

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