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re: Thinking about leasing a vehicle
Posted on 12/22/16 at 10:53 pm to Tiger Prawn
Posted on 12/22/16 at 10:53 pm to Tiger Prawn
quote:
I don't see how that would work unless you were financing a purchase with a high interest rate loan. Most manufacturers offer some pretty attractive rates if you go through the manufacturers' finance company. Last 2 vehicles I bought were financed at 0% and 0.9%. Had one for 4 years and the one I have now is almost 5 years. I don't see how I could've came out ahead by leasing on either
because not all leases are created equal. some makes & models lease better than others. manufacturers run lease specials by either inflating the residual, lowering the money factor, or both. its why a $60k mercedes E class leases for the same amount as a $45k audi a5. Mercedes chooses to move a lot of E classes by making them attractive to lease.
Because of this, cars that lease well typically have lower resale value in the used market (why by used when you can lease new for cheap?) and cars that don't lease well hold their value better.
This post was edited on 12/23/16 at 10:05 am
Posted on 12/22/16 at 11:11 pm to 632627
quote:
Because of this, cars that lease well typically have lower resale value in the used market (why by used when you can lease new for cheap?) and cars that don't lease well hold their value better.
Not necessarily. Toyotas/Hondas lease well because of their residual, and still have good resale because of the quality of the product. Car makers incentivize leases because people usually lease again after their lease is up. Same thing with big rebates for trucks; dealer offers massive rebates, but trucks hold their value because they are trucks and the massive rebates are factored in to the used car market.
Going in and out of leases works well if you don't drive many miles, good credit, and don't bang your car up. The problem with leases is they are not very flexible and you always have a note, but for the 15% of drivers it works for, it works well.
Posted on 12/23/16 at 9:50 am to 632627
quote:
cars that lease well typically have lower resale value in the used market
Nothing leases better than a 4X4 limited Tacoma...and nothing holds its value better than a 4X4 limited Tacoma.
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