There are also private and corporate leases. In the UK at least 20-30% of new car sales are leases (it's a tax efficient way to get a new car, particularly EVs)

There are also private and corporate leases. In the UK at least 20-30% of new car sales are leases (it's a tax efficient way to get a new car, particularly EVs), and these usually run for about 3 years, after which they're sold off at trade auction.