One of the advantages of leasing is the opportunity to drive more car than you afford to buy. You can get more car for less money with a lease because you only pay for what you use during the lease term.
Let's say you lease a $50,000 car over a period of three years. The terms of the lease say if the car is driven 36,000 miles or less (the mileage cap) and maintained in a certain condition, the car will be worth $20,000 (the residual value) at the end of the lease. Thus, the total of your payments come to $30,000. You get to drive a $50,000 car for three years, for only $30,000.
And, if you'd like, you can buy the car at the end of the lease term. Which begs the question: Should you buy your leased car when the lease ends? Well, it depends.
It was my dinosaur moment. Suddenly, it was clear the world was unrecognizeable as I knew it. I can choose to take the ride or become extinct. The realization occurred at a social media conference on shopping for used cars.
I learned that artificial intelligence is changing the meaning of reality, and 80 percent of all financial transactions will be done on a phone in the very near future. How will these dramatic shifts impact autos, I wondered? Well, it turns out, it has already changed the car buying landscape.
The Labor Day holiday is right around the corner!
As one of the busiest car-buying times of the year, car dealers traditionally offer special deals over this holiday weekend, but auto-industry experts are predicting lower sales this year compared with 2015, which means that potential car buyers have more negotiating power with dealers, according to the 2016’s Labor Day Auto Financing Report released by the personal-finance website WalletHub.
The report compares auto-loan and auto-lease offers from a diverse group of more than 150 lenders to help prospective buyers find the best car deals.
Back-to-school is just around the corner, and the end of summer is traditionally the best time to buy a new car because dealers are clearing space for incoming models.
Whether you want something large or small, if you’re shopping for a utility vehicle, this edition of True Savings offers something for every SUV shopper’s needs. TrueCar analysis shows potential savings ranging from 15.3% to 19.7% off Manufacturer’s Suggested Retail Price (“MSRP”), while market average pricing on these five crossovers and SUVs demonstrates potential MSRP discounts of as much as $8,050.
Research shows that the price of a new car increases the average transaction price by about a percent for deals that include trade-ins compared to deals without them.
An increase of 1 percent may not seem like much, but it can add up, especially as the value of the trade-in increases from an economy car up the scale to a large SUV or luxury car. On average, the dealer makes $250 more on trade-in deals, but depending on the car, it can be much more.
When it first went on sale in 2006, the Honda Ridgeline crossed that line, attracting shoppers with a large and flexible five-passenger cabin, crossover-like ride and handling, and a conveniently sized pickup bed large enough to hold a twin-sized mattress (laying flat) that could be accessed by a dual-action tailgate that folds down or swings open to the side. Its insulated bed-mounted cooler, something not available in any other truck at the time, was an added bonus.
Now in its second generation, Honda has redesigned its profitable four-door midsize pickup truck from the ground up to offer family, recreational, and work users a higher degree of utility and versatility.
Searching for a great lease deal this summer? Wantalease.com, the nation’s first online car lease marketplace for new lease deals, has shared the following great lease offers for cars, trucks, and sport utility vehicles this summer.
If you're looking for value, 16 lease offers are currently under $199 per month, and 36 deals are under $299 per month.
Here are five top rides for $35,000 or less, in vehicles that also get great fuel economy:
1.) MINI: The third-generation convertible since BMW took over the brand in 2002, the 2016 MINI convertible is the first to contain BMW engines. My recent test drive was in a zippy 189-horsepower turbocharged model with the great acceleration and precise handling you would expect from a BMW engine. The new MINI also contains new safety and design features, including back seats that fold down and an innovative trunk with expanding hinges. These features provide not just more cargo space, but easier access to it.
Here's our guide to understanding some of the most popular alternative fuel technologies, and some of the popular vehicles worth considering.