The leasing of automobiles by consumers has grown substantially in recent years, to the point
where not only new vehicles are being leased, but used autos as well. Why do you think this type of
leasing has become so popular? These auto leases sometimes allow the lessee to buy the car at a
speciﬁed price at the end of the lease. Explain the option involved here.

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The Answer of The leasing of automobiles by consumers has grown substantially in recent years, to the point
where not only new vehicles are being leased, but used autos as well. Why do you think this type of
leasing has become so popular? These auto leases sometimes allow the lessee to buy the car at a
speciﬁed price at the end of the lease. Explain the option involved here.

The Leasing of Automobiles by Consumers Has Grown Substantially in Recent