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Automakers, dealers push leases

Ford Flex vehicles are lined up for sale at a Ford dealership in Tustin
Ford Flex vehicles are lined up for sale at a Ford dealership in Tustin

DETROIT (WKZO) -- Automakers are giving drivers who leased a vehicle incentives to turn the vehicle in early for a new model.

Approximately three million drivers in the U.S. will be turning in leased vehicles this year alone.  Industry analysts say the number of "pull ahead" deals that allow a driver to turn in a vehicle early, could increase by 20-percent this year.  Officials also say the three-million vehicle turn-in rate is 50-percent higher than 2012.

Auto dealers see two benefits from an early lease return.  First, they can get a new car off their lot.  Second they have a late model trade in that is attractive for those seeking a less expensive alternative than a new car.

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