Over the last few months, I’ve seen a couple of articles in Automotive News discussing the fact that: Toyota is (arguably) inflating residuals on their new vehicles to prop-up sales. Inflating residuals is “risky,” as these cars can cost automakers millions when they return off lease. Toyota is acting recklessly. I find this whole […]
Leasing a car can be a great option for those who are: Not looking for a long-term vehicle commitment and don’t want to deal with the responsibility of ownership Interested in fixed transportation costs, as leased cars are almost always under warranty, and many automakers now offer free maintenance programs…the result being one set fee […]
The old truism is that leasing a car is never a good move financially. However, that does not need to be the case these days as long as you know the five keys to winning with car leases.
Here are some questions you should ask yourself before leasing a new car: How many miles do you drive annually? Most leases require that you stay below 15,000 miles per year, some require you drive less than 12,000. Take a look at your driving history and see how many miles you’ve averaged over the past […]
A lot of people are uncertain about leasing. Part of the problem is that lenders and car dealers make leasing confusing – they have a bunch of special leasing terms, tricks, and information that’s designed to confuse. Part of the problem is that a lot of so-called “experts” make blanket statements like “You should NEVER lease” […]