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Lease transfers
Staff report
Saturday, June 21, 2008
With a slowing economy, it's not surprising that motorists are giving up their car leases. What's unusual is that the people who are picking up those leases are doing so for financial reasons as well. Miami-based LeaseTrader.com said it has seen a 30 percent jump in lease transfers. "Many consumers point to a slowing economy and unappealing new car sales incentives as leading reasons why they'd rather take over someone else's lease," said John Sternal, VP of marketing communications.
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