Modernizing Document and Income Verification in Auto Leasing with AI
AutoSuccessOnline
AUGUST 16, 2024
in Q1 2023, according to Experian’s Q1 State of the Automotive Finance Market Report. Since the car is not owned by the lessee, the lessor needs assurance that the lessee will reliably fulfill their payment obligations throughout the lease term. Leases made up 24.1% of new vehicle purchases in Q1, compared with 19.3%
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