People also ask
Which luxury cars make the best leases?
Luxury cars make good leases. The best lease deals are for those vehicle brands, such as Lexus, Mercedes, Porsche, Land Rover, and BMW, with the highest future resale values, or residual values, relative to their original cost. A high residual value creates a low monthly lease payment.
What percentage of new cars are leased?
The stats I have found by the Automobile Dealers Association claim that just over 20% of new vehicles for private use are leased. Mr_CheapApril 18, 2010, 8:56pm #11 I agree with what bscar said. In addition, I wonder what percentage of people go in intending to buy and get manipulated into a lease.
Why lease luxury cars with a high residual value?
A high residual value creates a low monthly lease payment. In fact, a better lease deal can often be obtained by leasing a high-residual luxury car than by leasing a car with a lower residual value, even though the price of the luxury car may be greater. This is the reason smart automotive consumers like to lease luxury brand vehicles.
What type of cars do consumers lease?
Here, we chart the percentage of each brand鈥檚 new-car customers who lease: The most commonly leased cars are small luxury sedans. Leases soaked up 60 percent of these models. More than half of all luxury sedans of any size are leased. New Englanders love their leases, as five of the chowder-chugging states rank in the top 10.