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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).
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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.
In Europe, LeasePlan, a vehicle leasing company, will offer subscriptions with their CarNext.com platform. [30] [31] VAI, a brazilian subscription service for ride-sharing drivers was founded in December 2017 in Sao Paulo. The German company like2drive GmbH was founded in February 2018 as part of the Fleetpool Group. [32]
AutoNation is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. [6] The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets.
Currently, used cars remain pricey. The average used-vehicle listing price was $25,328 in early February, according to research from Cox Automotive. That’s down from the previous couple of years ...
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