Credit constraints, consumer leasing and the automobile replacement decision

Preprint OPEN
Kathleen W. Johnson;
(1999)
  • Subject: Consumer behavior ; Consumer credit ; Automobile industry and trade

This paper presents a model of consumer automobile replacement in the presence of leasing. The model incorporates credit constraints to distinguish between the leasing and purchasing options. It demonstrates how leasing increases the probability that a household replace... View more
  • References (10)

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