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Leasing letdown

After experiencing an initial spike in demand for car leasing, distributors now find most buyers prefer not to choose this route to motoring

Published Fri, Apr 4, 2014 · 10:00 PM

Singapore

DISTRIBUTORS who jumped on the car-leasing bandwagon last year are seeing the business hit a speed bump owing to cultural preferences and other factors.

Some companies began to offer leasing programmes to local customers after tough vehicle-financing restrictions introduced in February 2013 began to bite.

Almost everyone - from premium manufacturers BMW, Mercedes-Benz, Porsche and Lexus to mid-range and volume marques such as Mini, Volkswagen, Opel and Kia - introduced leasing deals.

Leasing is traditionally a popular option among expatriate and corporate custo…

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