The conversation between human and AI assistant.
Where is there information on the history of how car leasing evolved?
Not really, I'm just interested in learning more about how it got started and evolved over time.
Sure, well, car leasing as we know it today actually has its roots in the 1950s when certain states began to pass laws that regulated the auto industry more closely. These regulations led many car dealerships to start offering leases as a way to help people afford new vehicles without having to purchase them outright. Over time, car leasing became an increasingly popular option for consumers who wanted to drive new cars without having to worry about the long-term commitment of owning them.