Pros and cons of leasing: What works best for your car buying budget?
Americans are in a spending mood, and they’re buying and leasing new cars in increasing numbers. The recession is over, unemployment is falling, and personal debt levels have dropped in recent years. But these aren’t the only economic factors that have car dealers jumping for joy and clicking their heels.
According to IHS Automotive, an auto industry research firm, the cars, trucks, and SUVs rolling down U.S. highways each day have reached a record average age of 11.4 years old.
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