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Modernizing Document and Income Verification in Auto Leasing with AI

AutoSuccessOnline

However, a recurring and critical requirement for prospective lessees is possessing good credit. Unlike buying, leasing involves the lessee using an asset that the dealer or the lender still owns. The steps necessary in proper verification can add friction for the lessee. These networks help fight fraud as a community.

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3 Important Car Buying Trends Shaping Future Customer Behavior in 2022

Automotive Mastermind

This kind of wild growth is expected to continue in the short and long term. Driven by attractive OEM incentives, namely low and no-interest loans with extended terms and payment deferrals offered by many automakers early in the pandemic, loyalty rates remained relatively high in the beginning of 2021.