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The Car Leasing Market is seen as a solution to the growing problems faced by companies for their mobility needs, which include vehicle funding maintenance and, more importantly, residual risk handling. The automobile owning companies offer their fleet to other manufacturing companies on lease to transport their goods and products, for which they prefer to lease a fleet from leasing companies. Leasing the automobile is generally preferred by corporations as a hassle-free mobility service that includes on-demand mobility, and after-service facilities. Some of the factors that boost the market growth include growing awareness about the benefits of leasing and people shifting from purchase to vehicle leasing.