Why leasing? Why now?

As the popularity of auto leasing continues to grow it’s hard to argue against any reason for not offering a lease program to members. As leasing continues to close the gap on traditional loans, in some regions of the U.S. it can account for over 70 percent of all new cars and trucks sold. These statistics are hard to ignore as credit unions look to compete as a full service auto lender versus banks and captives. Providing a lease option for members opens the door to increased auto loan growth, and depending on the location, that growth potential can be very significant.

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