Car Lease Deals Likely to Increase in 2011
Car leasing deals should be better and more plentiful than in 2010.
Car makers and their finance companies are gaining more confidence in leasing due to loosened credit and residual values climbing.
This means you should see more lease deals on many more car models in 2011.
A number of makes and models have recently been upgraded in terms of future resale values - resulting in lower lease payments for those vehicles.
Automotive Lease Guide (ALG) in November rated the following 2011 vehicles as having the highest residuals (as % of MSRP):
- Mazda Mazdaspeed3 and Mazda 3
- Audi S5
- Landrover Range Rover Sport
- MINI Cooper and John Cooper Works
- Honda (most models)
- BMW 1-Series, 3-Series, and 5-Series
- Chevrolet Corvette
- Hyundai Sonata
- Infiniti G37
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
New York Tri-State Residents - Important:There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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