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Best Car Lease |
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The best car lease deals occur when a vehicle's selling price is heavily discounted, a rebate is available, money factor (interest rate) is low, and lease-end residual value is high. In combination, these factors create a low monthly payment — and a good lease deal. In the absence of special deals, the best leases are for those vehicles that have the highest residual values, such as Honda, Toyota, Mercedes, and Lexus, as examples. Higher residual values create lower monthly payments. For example, since Honda vehicles generally have higher residuals than Chevrolet, a Honda would cost less to lease even if the prices of the vehicles were exactly the same. Some of the best car leases are those being offered by car manufacturers as an incentive to help sell cars during slow sales periods. These are called "subvented" leases. Many subvented deals only apply to certain models, and for a limited time. The advertisements for these deals appear on TV commercials and in local newspapers and can be identified because they typically do not have specific dealers named in the ads. These leases are handled through the financial arm of the car manufacturer, such as Ford Motor Credit or GMAC. Dealers simply can't put together good lease deals without help from the carmaker. All dealers in a regional area who sell a specific make can offer the same deals, even though they may structure their deals a little differently. In summary, the best car lease deals are those for vehicles with high residuals and those that are subsidized by manufacturers in special promotions — in combination with negotiated dealer price discounts. For more information, see: The Lease Guide
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