Current State of Market - Lease v Sell/Buy

Ask the Hackrs Buy/Finance
1

hello, currently in the northeast. have 10 more payments on my 2023 kia sportage hybrid ex (24k mi)

given that the value has held high, and used car pricing is high in general

and new cars are barely moving off the lot

are we in a buy-new mode right now, or are lease deals eclipsing those of the new car incentives

love the car, so i wouldnt mind staying in the same one. looks like there are some great 48mo 0% interest offers right now

wife is in the same boat with a 2023 hyundai elantra sel (26k mi)

feels like the high value of the re-sale paired with the large incentives for dealers to move new inventory might favor the buy, but looking for the experts to weigh in

thanks!

2

I assume that both your Sportage and Elantra are leases?

I’m not an expert, but staying w/ your current lease(s) is generally the cheapest option. I don’t think Hyundai/Kias are generally associated with high real-world resale value, but have you gotten quotes for your current car? How do those compare w/ your buyout price?

If you sign up as a Super Supporter, you can access Ratefindr, which allow you to access data regarding lease vs. financing incentives for models in which you are interested.

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