US car-buyers, it seems, don't want to lease vehicles anymore.

Leases made up 31% of the auto market in January 2020, and just 17% last July, according to a new auto study from consumer credit reporting agency TransUnion.

Of 3.8 million consumers who ended a vehicle lease between July 2021 and June 2022, only 25% of consumers chose to lease again, according to TransUnion. That's a 40% decline from January 2020. 

Instead, these drivers opted to finance a new car purchase or purchase a vehicle without financing, even though the former meant an increase in their monthly payment.

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Economic Uncertainty And Rampant Inflation Forces Buyers Away From Leases

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