05.14.08
Posted in General, General Leasing, Car Leasing, Buying versus Leasing at 2:39 pm by LeasingRus
The only thing drivers despise more than rising fuel costs? Shrewd car dealers.
They are among the country’s least-trusted business providers. The 2007 Better Business Bureau/Gallup Trust in Business Index reported that only 16% of survey respondents had a “great deal of trust” or “quite a lot of trust” in auto dealers; 17% indicated as much for real estate brokers and 21% for cellphone and wireless providers.
What’s behind this suspicion? Consumers have complained to the Better Business Bureau that some dealers inflate charges, pressure buyers into purchasing features Read the rest of this entry »
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05.07.08
Posted in General, General Leasing, Take over a car lease at 3:22 pm by LeasingRus
Those worried about ballooning gas prices can whittle their weight, keep their tires properly inflated and avoid long idles.
Or they can head to a Toyota dealer and ask about the Yaris.
The $13,165 subcompact is the most fuel efficient in its class, according to the Environmental Protection Agency. It gets 29 mpg (12.3 km/l) in the city and 36 (15.3 km/l) on the highway. Drivers paying $1.50 a litre can expect to pony up $2,000 a year if driving 25,000 kilometres. Read the rest of this entry »
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04.22.08
Posted in General at 5:04 pm by LeasingRus
As one of the fastest-growing carmakers on the planet, the Chinese automotive industry has taken an unusual approach to staging international auto shows. Like Geneva and Detroit, it has a major exhibition every year, but like the biennial events in places like Frankfurt, Paris and Tokyo, China alternates its big one between Shanghai and Beijing. This year it’s Beijing’s turn.
The show is a chance for not only the local makers to strut their stuff, but for other global players on hand to show both production and concept cars for both China and international markets.
The most talked about concept at Beijing is the Geely Tiger, which is also known as the Geely GT. This 2-door show car was shown without the Geely badge, leading to some speculation that the automaker has an eye to creating an upscale brand similar to Lexus or Infiniti and that the Tiger would be its flagship model. In any event, this V-6-powered 2+2 is evidence that the Chinese are catching up quickly to the rest of the world and may be a formidable player even in luxury segments. Read the rest of this entry »
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04.03.08
Posted in General Leasing, Transfer a car lease, Auto lease, Terminate a car lease at 2:38 pm by LeasingRus
What better reason to lease when you discover your the vehicle you bought last year is in the top 10 of vehicles that depreciate the fastest. Like the US housing market, these cars values drop so quickly, you’ll be scrambling to sell it to the next buyer. Then again, the alternative to vehicle financing you could have opt for was to lease, giving you safety of not owning a depreciating vehicle outright, with the added benefit of trading in the vehicle for the next latest model on the market. Alternatively, rather than waiting for the lease contract to expire after 3 to 5 years, you could have sought to terminate a car lease early, through such lease assumption services from AutoLeaseBreakers.com.(Forbes) Some cars just don’t age well. Even a great value buy in the new-car market can bomb in the used-car market with low resale values.
Vehicles like the Kia Sedona minivan and Lincoln Town Car look good, perform well and often are purchased new at bargain prices. But take a closer look at them three years later, and their value has decreased at an accelerated rate. By the time a car owner is ready to unload one of these vehicles, the owner is often surprised to learn that the car has lost more than 50% of its value. Read the rest of this entry »
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12.18.07
Posted in General, Car Leasing, Buying versus Leasing, Financing, Auto lease at 8:29 pm by LeasingRus
Sure, approximately 80 percent of auto consumers either pay cash or finance their purchase with a loan, but you’re considering joining the other one-fifth of intrepid consumers willing to forgo ownership for a new set of wheels and the short-term benefits that leasing provides.
Maybe you’re self-employed and can write off your leasing payment as a business expense. Or maybe you’re trying to get into a luxury model for less upfront cash. Or maybe you demand the latest safety and technology innovations and don’t want to be saddled with a 60-month loan term. Or maybe you just like driving a new car every couple years.
“The question you have to ask yourself is, ‘Is there a special reason I need a new car every few years?’” says Art Spinella, president of CNW Marketing Research in Bandon, Ore. “For most consumers, the answer is no.”
But maybe you’re in the minority. Maybe your answer is yes.
It’s true that leasing has diminished in popularity as automakers have offered low-interest financing and cash-back offers to buyers. Leasing rates dropped from 29.2 percent of retail car sales in January 2001 to 23.2 percent in February 2006. Read the rest of this entry »
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