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Article: Car leasing alternative to making purchase
- Article from:
- Chicago Sun-Times
- Article date:
- August 24, 1986
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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Car leasing is moving faster than a turbo-charged Porsche.
Leasing, long popular with business people, is becoming an
increasingly attractive option for individuals. The reasons are
simple: leasing doesn't require a large down payment, allowing
consumers to afford more car for their money.
Monthly lease payments are generally slightly lower than
purchase payments, but the overall cost can be very similar. The big
difference comes in at the end of the term: the buyer owns the car,
the lessee doesn't.
The boom in consumer leasing started early this decade as
consumers suffering from sticker shock looked for alternatives to the
high price of buying a car. Today, the business is ...