Used Car Leasing Is On The Rise, But Is It A Smart Move?
Now here is where it gets really interesting. The advertised lease
special on a 2016 RX goes for $419 a month for 36 months/10k miles with
$4000 down (before taxes and fees) for a $46,000 car. The vast majority
of that is paying down the depreciation. Based on the average trade-in
values of a 2011 RX, a 2014 RX would only depreciate about $6,000 or so.
This means that a lease payment on that ‘14 model would be vastly
cheaper than a new lease.
For buyers in the market for a pre-owned car who want to keep their
monthly payments down and don’t plan on owning long term, pre-owned
leasing could be a nice alternative if they shop smart.
(Jalopnik.com)
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