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When the interest rates are low, it is better to buy a new car; however, when interest rates are high, savvy auto consumers prefer car leasing to avoid hefty interest financing fees. Consumers lease new cars for two reasons:
• To be under warranty without having to worry about serious maintenance repairs
• The ability to drive a fully-loaded luxurious vehicle without making the long term commitment of a regular new car purchase
|Sheri Ann Richerson|