Several good car lease deals were available in February despite the fact that many car-makers have pulled back on their end-of-year clearance programs. Our favorite lease program in the fall was Volkswagen's "Sign Then Drive" event, which offered low lease rates and $0 due at signing on VW's most popular models.
As a general rule, you're more likely to find attractive leases on a car-maker's more sought-after models - and that's good news for most buyers.
It may seem strange that dealers offer more attractive lease deals on their better-selling models, but there is a good reason. If you're a dealer, offering a lease is a risk. The dealer bets that when the lease is up and a customer returns the vehicle, it will still be worth a lot of money and the dealer can resell it for a total net profit. But if the car depreciates fast, which is more likely on poor-selling models, the dealer or car-maker could lose money because it can't sell the off-lease car for much money. This is partly why Chrysler disbanded its leasing program in July of last year - its cars depreciated so fast that leasing became a money-loser.
So who is still offering great lease programs now?
Volkswagen. Despite ending the Sign Then Drive program, Volkswagen is still offering good lease terms. Three of its fuel-efficient, small cars - Jetta, New Beetle and Rabbit - can each be yours for $199/mo + $1,999 at signing for a 36-month lease. When VW offered no-money-down leases under the Sign Then Drive event, these cars leased for $269/mo. So even though the current program requires you to cough up $1,999 up front, you actually save several hundred dollars in total lease costs because of the lower monthly payments, compared to the no-money-down offer.
Lincoln. If you're looking for a little more luxury or an American nameplate, Lincoln is offering a no money down deal through the end of March. Available on both the Lincoln MKX and MKS, the deal is no down payment (after cash back) no first month's payment and no cash due at signing. The lease rates for the deal are $529 per month for 39 months on the MKS and $99 per month for 39 months on the MKX. Taxes, title and tags are extra, but in this market you may be able to negotiate that.
Toyota. Toyota runs all of its specials by region. Lease offers in Florida could vary greatly from offers in Chicago, so you need to check with local Toyota dealers to see what they'll offer you. See below for the best deals.
Honda. Honda has several great national lease offers running through early March, as shown below. There may be even better regional offers, so be sure to contact local Honda dealers for the best deals.
Hyundai. If you buy or lease a new Hyundai before Feb 28, the newly announce Hyundai Assurance Program will allow you to return the car to Hyundai with no further financial obligation if you lose your job. While gimmicky, this is a great way to get some worst-case scenario protection from a company that is still offering decent lease rates. There are stipulations, so be sure to check out the Hyundai Assurance program's website for more details.
Nissan. A few good lease offers remain, and Nissan is one of the few carmakers offering solid lease terms on SUVs - with special deals on both the Rogue and Murano.
Source: http://usnews.rankingsandreviews.com/cars-trucks/Car-Lease-Deals/
5 comments:
Smart Lease is a car leasing company in UK offering car leasing special offers, personal contract hire, business car leasing, private lease purchase, cheap car leasing and contract hire offers. Get a cheap car leasing deal by UK’s leading car leasing company.
With leasing, the headaches of selling a used car are eliminated. When your lease ends, you simply turn it back to the leasing company and walk away, unless you decide to buy it or trade it.
I can't believe that there is that kind of deal. It is really one of the best deals I ever know. I wish it is still available today.
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Really nice car leasing deals given by the companies, Car leasing is the best option if anyone needs a car, hire a car on lease and enjoy for the time period you have chosen. And after that it’s your choice buy that car or return back to the leasing company.
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