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

Leasing is a non starter for us with the mile restrictions.

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