Car Lease Deals Likely to Increase in 2011
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
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