Auto manufacturers are signing onto ever increasing auto leasing business

Recent mishaps by auto behemoths such as Toyota Motor is using low cost auto leasing to turnaround their misfortunes. The 2013 is no exception. Traditionally limited to luxury vehicles, now many auto makers are using leasing to promote new sales. The U.S. auto leasing rates are reaching higher and 2013 is getting ready set a new leasing record since 2007. Many auto manufacturers abandoned auto leasing during the recent financial crisis.

Leasing allows the auto manufacturers to promote products at a low monthly payment that customers can afford during difficult financial environment. According to published reports, leasing accounts for more than 22 percent of U.S. monthly new vehicle sales. The U.S. may hit an annualized total of 15.8 million vehicles sold this year recording an increase over the last year. Midsize autos from Toyota Motor, Fusion from Ford Motor and Accord from Honda Motor are doing really well in auto leasing. Honda is offering $159 a month lease on its Civic while Toyota Motor offers its Camry, the top selling car in the nation for $199 a month. More than 20 percent of General Motors sales came from leases in the recent past.

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