Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
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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). ------------------------------------------------------------------------------------------------------------------- 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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#2
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Leasing is a non starter for us with the mile restrictions.
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#3
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High interest rates, declining residual values and fees make it unattractive currently.
If Carvana has to dump cars there is hope for a flood of used cars coming on market and lower prices |
Closed Thread |
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