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vehicle leasing

Lease Volume Reaches Record High in 2016, Edmunds Reports

Leasing accounted for 31% of new-vehicle sales in 2016, up from 29% in 2015. And according to the vehicle information, nearly one-third of all millennials turned to leasing to secure a new vehicle.

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Dealer to Pay $12,500 Fine for Illegal Leasing Practices

Credit Connection Auto Sales in central Pennsylvania has settled with the state’s attorney general for allegedly leasing vehicles that needed a considerable amount of repair work and using lease agreements that did not comply with federal law.

Edmunds.com: Falling Used-Car Prices Likely to Affect All Buyers

An excessive supply of used vehicles hitting dealer lots is expected to drive prices down and cause a chain reaction that could raise monthly payments and lower trade-in values.

August Car Lease Prices Up 2 Percent From 2012

Prices on leases averaged $590.38 last month, up from $578.06 at the end of August 2012, according to data gathered by Swapalease.com.

Credit Health on Approved Leases Strongest Since Recession

More than 77 percent of car lease customers were approved during April, up from 70 percent during the previous month, according to Swapalease.com.

DealerTrack Announces Sales, F&I Webinars

DealerTrack will host several DealerTrack University webinars on best practices in the areas of mobile, leasing and compliance this month.

Return to Normalcy

The industry shifts its gaze to leasing as the segment realizes gains and prompts dealers to update their processes.

TFS to Launch Lease Wear-and-Tear Product

A Toyota Financial Services (TFS) official confirmed that the captive finance company expects to release a wear-and-tear lease product for its dealers within the next month or so.

Auto Lease Residuals Still Trending Upward, Fitch Reports

Residuals on U.S. auto lease ABS are still producing substantial gains vs. initial forecasts through third quarter 2011, according to the latest index results from Fitch Ratings.

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Ally Introduces Financing Product With 48th Month Sell Option

Ally Financial Inc. debuted Ally Buyer’s Choice in five markets yesterday, a new financing product that offers the benefits of leasing but provides the advantages of owning a vehicle at a fixed rate and payment.