Ford and GM May Offer Better Lease Deals Soon
The survey found that slightly more Americans now think the United States makes better-quality vehicles than their Asian counterparts. This is in stark contrast to a similar survey conducted in 2006 which found the opposite result.
Many attribute the results to the recent recall and safety issues experienced by Toyota and Honda owners. In the same period, Ford and GM have seen strong sales and received high marks for quality and satisfaction.
As more and more car shoppers perceive the higher quality of Ford and GM vehicles, their residual values start to rise. This has already begun, with some late-model used vehicles rising in price by up to 10%.
When residual values rise, car manufacturers can start offering better lease deals. We're likely to see these better lease deals as early as this fall for Ford and GM vehicles. If you're considering buying one of these vehicles and you don't mind waiting, your best chance to land a great deal will be near the end of summer when the new model year vehicles start rolling in.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid