Leasing isn’t for everyone, but if it works for you, know that shopping for leases isn’t as simple as purchasing a car with a loan. You may be in the market for one car and be surprised to learn that you can lease a more expensive one for less.
A lot of parents help their kids with a car purchase, and so some of them are floating the idea of leasing a brand new car instead of buying a used one. While this might sound like an inexpensive way to get the newest and safest car, it isn’t the best solution for a new driver.
Jay Leno knows a lot about cars, way more than I will ever know in my lifetime. He knows the modern cars, the classics, the weird stuff and everything in between—but when it comes to paying for them his advice is a bit limited.
When it comes to car buying, the advice of focusing on total cost instead of monthly payments has been around for a while. But people are creatures of habit and get help but get caught up in the monthly payment mindset. There is, however, a right and a wrong way to do this.
Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know.
Back in January, we reported on Ford’s plan to launch a car lease-sharing program in Texas where buyers could “split” car ownership between as many as six people. We wondered if there were going to be any takers, especially since Lyft and Uber later became scarce in that part of the country.
Some people lease a car and decide they like it so much they would rather keep it. Completing what’s known as a lease buyout is usually fairly straightforward, but a lot of people don’t realize that a trip to the dealership is not required to purchase your leased vehicle.
With record new car sales in 2015, industry analysts are worried about an inflated pre-owned market with more trade-ins and cars coming in off lease. To help move inventory, companies like Toyota and Ally Financial are starting to offer lease programs for lightly used cars.
Do you have a lease or ownership payment for a Honda? You may want to double check your books, because the Honda’s customer service has been flooded with complaints that they were double charged on their monthly payment.
Lease-trading site Swapalease.com coined the term “manual drift” for a horrible plague upon the modern automobi—er, um, the rate at which drivers are abandoning the manual transmission. According to the latest analysis of their users’ data, men are saying farewell to the stick faster than women.
We bought so many cars, you guys. We bought like, more cars than we have ever bought before. Millions and millions of them! As Automotive News reports, we bought no fewer than 17,470,659 cars and trucks, beating out our previous record in the year 2000.
Now that internet car shopping has become more commonplace, some dealerships are doing everything in their power to avoid giving you a written quote. One of the newest tactics is requiring you to submit a credit application in order to send you a price. Don’t fall for this.
Labor Day weekend doesn’t just mark the end of summer (except here in Texas, where that usually drags on to mid-November) and the start of fall, it’s also one of the best times of the year to buy a new car. You or someone you know might be doing that this weekend, and if so they might be considering leasing.
Here’s a scenario: for the last few years you’ve enjoyed a brand new car with lower payments because you leased instead of purchased. Now that the lease is coming to an end, you have a few options to consider, but you will want to do some planning ahead of time.
According to a new study by Edmunds, Millennials lately are leasing cars much more than older buyers. While leasing can be great way to get a new car and keep your monthly budget manageable, some young buyers don’t seem to be approaching leases the right way.
Leasing might get a bad rap among some folks, but when an all-electric Fiat leases so cheap the fuel savings neutralize your lease payments, that’s a tough deal to pass up. A bunch of California racers recently took advantage of this offer and snatched more than 80 Fiat 500e models in a single weekend.
It's not your imagination; average pickup truck prices have risen aggressively in the past few years. Trucks are moving upmarket, buyers want to trade-up sooner, and they're focusing on "payments" over "price" so they can "afford" these heavy-duty luxury vehicles every three years.
So you finally landed that office job where you have to put on a suit and use pointless buzzwords. Here's the problem: All your coworkers drive fancy cars. You want to "look the part" and not show up with your rusted-out beater, but you can't make the payments on, say, a Bimmer or a Lexus. Or can you? Welcome to…
About a year ago I leased a Subaru BRZ; I thought it would be awesome. Now I'm annoyed by the lack of power and could really use something with more space. How would I go about getting out of the lease? Should I suck it up and pay the penalty, or stick it out and wait until the lease is over?
Welcome everyone to round three of the Car Buying "Great Debate" series. In the party-pooper corner, Tavarish says that leasing a new car is really just a slavery-inducing rental and you are throwing money away. However, if you work the numbers right, leasing a vehicle may be the smarter way to drive a new car.