Archive for February, 2012
Toyota cars are better than ever. Despite the problems that Toyota faced in the past, the company is still considered by experts to be the class leader in terms of durability. The Lexus brand still tops the survey of the most dependable car brands in the market, and even Toyota and Scion was included in the top 5.
Raffi Festekjian is the director of auto research at J.D. Power & Associates. He says that: “Many of the vehicles that were included in our latest study are those that came off from 3-year leases. This means that there are a lot of reliable choices for used cars.” He further adds: “Car buyers are shifting to smaller, more fuel-efficient vehicles that have outstanding reliability.”
Toyota is still a solid choice if you want an affordable and totally reliable car. If you are looking for your next car lease, check out the latest offers on the Toyota Better than Ever Event.
Lease prices start at $219/month
Lease prices start at $169/month
Lease prices start at $399/month
Lease prices start at $279/month
Lease prices start at $289/month
Toyota RAV 4
Lease prices start at $259/month (4×4 model)
Lease prices start at $329/month
Lease prices start at $399/month
Lease prices start at $339/month
Check out the latest Toyota lease deals offered by dealers near you. You can also take advantage of cash back offers, rebates, and incentives on the remaining 2011 Toyota models on stock, only from Toyota’s Better than Ever Sales Event.
Lease prices and cash back offers will change without prior notice. Asking for a free Toyota lease quote will help you determine all the best lease specials, including all the available rebates for both 2012 and 2011 Toyota vehicles.
Dealers will offer discounted prices on the remaining 2011 Toyota vehicles on stock. If you are hunting for the best new car bargains, you should take a look at these offers as well.
Jason DeRusha of CBS Minnesota reported that Americans are holding on to their old cars for an average period of 11 years. This can only mean good news to car dealers all over the USA as experts predict that there will be a dramatic rise in new car sales in the coming months.
The Law of Supply and Demand
Since car buyers have held on to their old cars for so long, this led to a dramatic shortage of quality used cars. The laws of economics takes over–a shortage of supply will inevitably result in higher prices. Blame it on the 2007 economic recession. People did not have the purchasing power to buy a new car during those trying times.
And since the inflow of used cars is low, and prices are high, now is the best time to lease a new car. Interest rates are also at an all-time low. If you prefer leasing over buying, then this is better than getting your hands on a used car.
With leasing, you get to enjoy low monthly payments. You are also free from the obligation of selling the car or trading it to the dealer. simply return the car, choose a new car lease, and drive away in another brand new car.
You might have heard of this before, but choosing between leasing and buying will still depend on your needs and personal preference. For instance, if you prefer to always drive a brand new car every 24 or 36 months then leasing is the perfect choice–not unless you can afford to always buy a new car, of course.
Auto Leasing Disadvantages
Car leasing has drawbacks. For starters, if you are a high mileage driver then it is better to buy a new car or purchase a used car. This is because leasing comes with mileage limits. If you exceed the prescribed number of annual miles indicated in the leasing contract, then you better be prepared to pay excess mileage charges.
You will also need to be a meticulous car owner if you choose to lease. Car leasing companies will charge you for ‘excess wear and tear‘ on your new car lease. You will need to pay for any damage incurred to the paint job, body panels, and interior of the car at the end of the lease.
The trick is to take advantage of a free lease quote, before approaching the car dealer. Requesting a free online lease quote will present to you secret lease deals, low lease prices, and low APR rates. You can also compare lease prices and find hidden lease deals. With all that information in your hands, you are sure to find an auto leasing deal that is right for your budget.
You are reading part 5 of the series on how to determine if auto leasing is right for you.
If you are looking for an affordable car lease then you should request a free, no obligations lease quote. You will be provided with secret lease deals that are available for online buyers! finding your next car lease is easy, simple, hassle free, and costs nothing whatsoever!
Category 5: The Cost of the Lease
Have you heard of $0 down lease deals? These are the type of lease offers that will let you drive away in a new car, without spending a cent for a down payment. Of course, you will still have to settle other fees associated with the transaction, but a $0 down lease offer is best for those who need a new car fast.
The reason why leasing companies and car dealers are able to offer a $0 down lease is because of one thing: the cost of the lease. You can expect to spend less on a new car if you choose to lease.
Why? Because the lease price is based not on the price of the car alone: car dealers also consider the residual value of the car. The residual or resale value is an estimate on how much the car will be worth at lease end.
But remember, the MSRP or selling price will still be considered when calculating the lease price. The point is that if car A has a higher residual value than car B, then car A will most likely be cheaper to lease than car B.
For example, if you want to buy a car that is worth $23,000 then you will need to settle the amount in full, either in cash or through monthly financing.
If you want to lease the car, you will not pay for the entire $23,000. Instead, it will be the difference between the selling price and the residual value. If the car mentioned in the example has a residual value of $11,000 after the lease expires, then the total lease price will be $12,000 before taxes.
See the difference between buying and leasing?
The lease price will always be lower than the selling price, and is also the reason why you can lease a car with $0 down. For a 36-month lease term, the lease price of $12,000 is equal to $333/month.
If you want to make a down payment, then you can enjoy lower monthly lease payments. The flexibility of leasing makes it ideal for any type of car buyer.
Find all the latest lease prices, along with secret leasing deals in your zip code by requesting a free lease quote.
Leasing is fun, simple, and easy. Try a free lease quote today.
Are you having doubts about car leasing? Of course, leasing a car needs some serious consideration. It is no different from buying a car. Since you still have to make monthly payments on a car lease, it is only natural that you give leasing some serious thought before taking the plunge.
Here is part 4 of the series on determining if auto leasing is right for you. If you missed out on the last posts, check out part 1 of the series on auto leasing. The various categories are thoroughly discussed on part 2 and part 3, respectively.
Category 4: Do You Mind Returning the Car after the Leasing Term?
Most lease deals have an average term of 24 to 36 months. This means that you are eligible to enjoy the car for 2 to 3 years before the lease expires.
However, you need to bring the car back to the dealer as stated in your leasing contract. The good thing about this agreement is that you are not stuck with a used car after paying for it. You do not have to deal with trading the car or selling it in the near future. Leasing a car will release you from the worries of dealing with an unfair trade-in, or high depreciation costs.
Most lease deals will allow you to purchase the car outright, instead of returning the car. If you really like the car, then this is your chance to take full ownership, or as what others call it, have full equity on your investment.
It is important that you pay attention to your leasing contract. The lease company will indicate the proposed selling price or market value of the car after the leasing period, which is normally higher than what you expect.
The choice is yours. If you want to buy the car at lease end, you need to know the true market value of the car before re-negotiating the selling price. This will avoid the consequence of paying too much money on what is officially a used car.
Leasing also comes with mileage restrictions. Want to avoid the cost of paying for excess mileage charges on your car lease? Do your best to stay within the prescribed number of annual miles on the lease contract. The mileage restrictions will vary. The average is 10,000 to 15,000 miles.
The last post will be about the cost of the lease, and why leasing a car has lower monthly payments than a conventional car loan.
Leasing is fun, easy, and more affordable if you take the time to compare the lease offers in your area. You can do this by simply asking for an online lease quote. Compare lease prices and save.