Looking to lease a car, but wanting to try and get the best deal possible.
Wanted to see if it’s at all possible to lease a car that has been used, like maybe a car that was just turned in after being leased for 3 years.
Wondering if anyone knows if this is a thing/ is it more affordable/ how do you do it.
The exception is loaner cars (but not always), but generally no.
The reality is, there’s so many electronics and software in modern cars that you’re really better off getting it new.
Nearly every used car lease i have ever seen had been significantly worse than it would cost to lease the vehicle new.
I’ve still yet to ever see it make financial sense to lease a used vehicle
Wow really, why do the numbers not favor the used car?
That’s unfortunate, why does it not work out to be more affordable?
Residual curve turns a lot more aggressively toward depreciation once you get out of B2B warranty.
Often for the same reason I stated before.
If it exists, it will be in here.
You may even come to the realization that outside of a relatively expensive Mercedes EQS and Jeep GC 4xe nothing really exists that’s a better deal than buying it.
No manufacturer support, so no incentivized mfs or incentives, and a much less steady depreciation curve that lead to miserable rvs means stupid high lease prices.
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What’s the car in question?
Not all, but a LOT of the reason leases found on here are attractive is because of the way RVs are incentives interact in a lease calculation. Depreciation cost of the lease is selling_price - RV. But selling price can be heavily discounted and incentivized to get it MUCH lower than MSRP, whereas RV is always calculated directly as a percentage of MSRP. The best leases found on here often have the depreciation cost approaching zero, for example EQS or 4xe with huge discounts/incentives.
With a used car lease, RV is going to be calculated as a percentage of selling_price. So there’s always going to be a large depreciation cost as part of those lease payments. So they’re very unattractive, and therefore not very common.
Not sure yet hahah
Only a few lease deal where the TOC makes sense right now:
Some Jeeps, Rams, a handful of EVs, maybe a few BMWs (5 series comes to mind), maybe some Nissans & Infinitis.
At some point I expect a manufacturer’s C Level team gets together and come to the realization that if they were to get more aggressive on lease deals, there’s market share to be had.
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