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Luxury consumers ditching leases, purchasing cars outright per rising rates: Edmunds

Luxury consumers opt for purchasing, rather than leasing vehicles as a move to sidestep climbing costs. Image credit: Black Tomato Luxury consumers opt for purchasing, rather than leasing vehicles as a move to sidestep climbing costs. Image credit: Black Tomato

 

Automotive reviewer Edmunds' latest reports, reflective of 2022's final fiscal quarter, show a shift in purchase preference for luxury consumers.