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Off Lease Only, a Palm Beach County-based auto seller with locations in five Florida cities and one in Texas, has permanently closed and is laying off 466 Florida workers, the company announced in ...
More dealerships are offering used car leases on vehicles that have recently come off an initial three-year lease. These vehicles are often labeled as "Certified Pre-owned" (CPO).
Most vehicles sold are off-lease returns, replaced rental fleets, company cars, repossessed vehicles, and trade-ins. [22] Off-lease: vehicles returned to the financial institution at the end of a lease term. Closed auctions are usually the only venue for such financial institutions to dispose of a large volume of end-of-lease returns. The terms ...
While the used car wave might hurt sales of new EVs, it might also bring EV-phobic buyers into the market. ... While that 215,000 figure in 2026 is only 5.3% of all vehicles coming off leases in ...
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
A typical franchised, new car and truck dealership in the United States Car dealership showroom. In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car ...
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