Percentage of vehicles leased continues to fall.

[mk378]

With a shortage of new cars, people who usually lease every 3 years may just be keeping the car they have rather than trying to shop for a new one.

 

[BMWTurboDzl]

Low inventory and anticipated higher rates have caused lease deals to vanish.

Of course there's approx $40B in COVID relief fraud which has allowed a lot of customers to pay cash.

 

[PandaBear]

Here is a screen shot of some data on leasing vehicles in the USA. It’s now below 25%. Opinions?

Overpriced selling price? production shortage reduced? that means used car price will fall so they need to lease for more, so that means it is easier to finance for purchase.

 

[Silver]

Maybe people are getting wise.

I'm just gonna spit out a from the hip definite NO on that one.

The only thing I can think of is perhaps loans are now stretched so far out, that's made some choose loans over leases.

 

[Nick1994]

I'm actually shocked it's 25% of new cars are leased.

I don't know anyone who leases.

 

[RooflessVW]

I'm actually shocked it's 25% of new cars are leased.

I don't know anyone who leases.

I've never asked anyone if their car was a lease.

 

[Dave Hess]

Low inventory and anticipated higher rates have caused lease deals to vanish.

Of course there's approx $40B in COVID relief fraud which has allowed a lot of customers to pay cash.

Yep, they hand out cash like it was Halloween candy and some people became instant millionaires.

 

[97prizm]

Leasing almost always is never smart for the common human. From retired, to working, in between....never. Own a biz? MAYBE.

Just my two cahookian pesettas.

Leasing actually works for certain people. With a lease you get more "vehicle " for a set payment amount. Alot of realtors and doctors lease their vehicles. My mom worked for a surgeon who always leases his vehicles. If he were to break his hands working on a vehicle he couldn't perform surgery. It is an interesting article

 

[SwampSurvivor]

With a shortage of new cars, people who usually lease every 3 years may just be keeping the car they have rather than trying to shop for a new one.

In our case, it's work from home. Fiance' leased a new 2019 Sentra in January 2020 then in March of 2020 turned into permanent work from home. The car now has 15000 miles on it - all my miles. I've come to like the car so I'm just going to cut a check for it in two months. No point in leasing a new car to have something brand new and under warranty when you have a ton of other vehicles sitting around.

It might be different if we were both commuting to work every day and needed something new

 

[joekingcorvette]

I have never leased a car and probably never will. It has never been cost effective in my case however it works very well for some others.

 

[dlundblad]

I was told leasing is at an all time high while reading the $1000 monthly payment thread?

Everything you read here is true.