Off Lease Only, South Florida's Used Vehicle Dealership, Declares Bankruptcy
South Florida-based used car dealership Off Lease Only has filed for Chapter 11 bankruptcy due to challenges in the current automobile retail landscape, including low inventory, supply chain disruptions, declining new vehicle production, rising prices and interest rates, and reduced consumer demand. The company, which had multiple locations in Florida and claimed to be one of the largest volume used car dealers in the state, cited these factors as reasons for seeking bankruptcy protection.