Lease versus Buy Timing
From Edmunds.com:
New-vehicle lease penetration dropped to 16% in Q4 2022 (compared to 29% in Q4 2019).
Luxury new-vehicle lease penetration dropped to 26% in Q4 2022 (compared to 53% in Q4 2019).
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Generalized Conclusion: The New car shortage has made leases much less attractive.
As with all of human experiences: there are exceptions.
But overall: terms are tighter, payments higher (relatively speaking) and as a consumer you have fewer buy-out options post-lease. Please read any fine print on lease breaking options carefully, as the menu has changed
Contributing factors: fewer new cars, higher interest rates, declining used car prices.
Fairly obvious from a financial point of view, but to the "I always lease" crowd, buyer beware. .
finance guy
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