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Mr. Ak, the car leasing executive, exemplifies this new business elite of entrepreneurs.
Some electric car leasing programs here provide free or discounted gas vehicles for those who want to take a weeklong driving vacation around Europe.
For the year to date, only Britain showed gains, with sales up 10.8 percent, thanks to attractive consumer financing deals that have created a boom in car leasing.
The popularity of car leasing has made it possible for more Americans to switch wheels as rapidly as they change hemlines.
"I've never bought a new car, ever," says the brains behind Oxford Resources, the car leasing company he sold to Barnett Bank in 1997 for about $650 million.
When it comes to marketing, few business owners are as brave as Gateshead-based Ling Valentine, non-conformist owner of car leasing firm LINGsCARS.
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The rise of new-car leasing is giving used-car shoppers a much broader range from which to choose.
The return of new-car leasing, which slowed during the recession, will be instrumental to the used-car market, according to analysts.
GATX CORP., Chicago, which leases railroad cars and aircraft, said that it bought a 35percentt stake in Bonifacio Logistics, a Brazilian railroad-car leasing company, for undisclosed terms.
Banning or capping the exploitative daily car-leasing system would benefit everybody in New York -- not just taxi drivers.
In 1955, Mr. Oshry set up the All-State Auto Leasing Corporation andevelopeded it into one of the earliest car-leasing companies in the country.
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