Auto Leasing is once again gaining in popularity, after manufactures and car dealers had shifted away from it in 2008.
The return to auto leasing comes after a year of lower used car trade in’s and increased prices for used car purchases. It has become more attractive and more affordable to lease a vehicle again.
Leasing is a affordable way to drive an expensive car. It’s a great way to get consumers into a luxury car such as a Cadillac, or BMW. Customers who lease vehicles also tend to be more loyal to a certain brand, such as Ford or GM.
Luxury Brand Car Manufactures are again increasing incentives for customers to lease a vehicle.
The Automotive Industry research firm Edmunds.com has reported that auto leasing has risen from 7.2% of car sales in August to 12.8% in October.
The Top 10 most popular cars to lease in North America are:
- BMW 3 Series cars
- Mini Cooper
- Mercedes C Class cars
- Toyota Camry
- Cadillac CTS
- Mercedes SL Class
- Land Rover LR3
- Lexus IS 250
- BMW X series cars
- Mercedes GL Class cars
With lower lease rates, more incentives for customers to lease, auto warranty, and the attraction of driving a new model vehicle, it’s no wonder leasing is making a comeback.
If you need to rent a car check out Rentcharlie.com to find car rental dealers across Canada and the United States.