The New Math Of Leasing Is Like The Old Math

The Wall Street Journal reported last week that automobile makers are attempting to make “leasing a new car more appealing by lowering the cost of monthly payments, which in turn creates significant savings for consumers over the course of a typical three-year contract.”

Called the New Math of Car Leasing, the article goes on to mention that leasing has grown significantly in popularity because of the price, accounting for 26% of the car sales in 2013  (up 10% from 2003) and that 28% of the car sales for the first two months of 2014 are leases.

What it boils down to is something has known for a while now. Car shoppers want an attractive payment, and they’re willing to make this commitment because, like a cell phone, they realize a car now comes with a fixed payment.

What does this mean? It means whether you lease or buy, odds are you’ll always have a monthly payment. People who lease are fine with this because they pay a low monthly payment, while drivers that buy are now financing very long terms, which means they’re making payments for many years. Either way, a monthly payment is happening so why not make the lowest payment possible via lease.

The main difference at No down payment and much shorter terms than what you’ll find at a dealership – two very attractive items to many car shoppers today. There’s no new math involved.

For more information on finding the best car lease deal or to learn how you can have a successful car lease trade, contact at 866-SWAPNOW.