Millennials are developing a taste for expensive—and even luxury—automobiles and taking out cheap leases so they can afford them.
Lexus, Jaguar, Cadillac and Acura are among the top 10 brands leased by millennial buyers, along with other such pricey cars as Subaru, Mini and Buick, according to Edmunds.com, an auto pricing website. The 18- to 34-year-old group leases 60 percent of their luxury cars compared with about 50 percent for other buyers, Edmunds says.
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