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How many people do you know who have taken out a lease on their latest car rather than the traditional route of purchasing from a dealer or through private sale?

The chances are if you lived in the USA a good number of your family, friends and co-workers would have opted for a 'car leasing' arrangement, also known as contract hire. Car leasing has been popular for many years in the States and recently has become a phenomenon in the US motoring industry, now accounting for around one in four cars on the road.

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