Toyota Motor Corp.'s Lexus is relying more on leasing than BMW and Mercedes-Benz as it challenges the German brands for the lead in U.S. sales of luxury vehicles.About 62 percent of Lexus vehicles have been leased this year, compared with about half for BMW and Mercedes, according to Edmunds.com data.
The Toyota division started getting more aggressive with 24- and 36-month lease offers about four years ago, said Jeff Bracken, Lexus's group vice president.
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