Message Font: Serif | Sans-Serif
No. of Recommendations: 1
There was a column in The Washington Post over the weekend about the increasing number of car lease financing deals written solely to get down to a certain monthly payment which the buyer had in mind. The corollary piece was that these buyers were going farther and farther out on the term of their financing, and were going upside down in the deals to an ever-increasing extent.

So here are some general interest questions:

1) What percentage of car sales are lease deals nowadays?

2) In the Washington area, for example, how many high-end cars are leased, eg. BMWs, Audis, MBs, Lexus and Infiniti? How about a similar guesstimate for Accords, Civics, Jettas, Sentras, Camrys and Corollas?

3) Assuming more and more buyers end their leases upside down, and subsequently roll that amount into the next lease, and so on, does that imply a big brick wall out there at some point in the future?

Any other thoughts, comments...?

(This query by an old-timer who's never financed or leased any vehicle...)
Print the post  


Beware Flood-Damaged Cars
Know what you are getting, don't get stuck with a Katrina victim. Check these links before you buy.
Disclaimer - Please Read
A message about professional advice.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.