Vehicle Leases Reach Record High in First Half of 2016 | Edmunds.com

Edmunds.comEdmunds.com Member, Administrator, Moderator Posts: 10,316
edited August 2016 in General
imageVehicle Leases Reach Record High in First Half of 2016 | Edmunds.com

More new vehicles were leased in the first half of 2016 than during the first half of any other year in history, according to Edmunds.com.

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  • thepuffthepuff Member Posts: 87
    edited August 2016
    I think the article left out the biggest reason for leasing is that most vehicle's prices (at least with basic desirable options) are over most people's ability to purchase outright--$45-60K for a Ford F150!!!! Add to the fact that you typically owe sales tax (in my area that is 8.9%) at registration and it's hard to afford two lump sum payments to purchase a car vs. leasing which require a smaller down, sales tax added monthly, and lower payments overall.
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