With many people going out 48 months these days to get a cheaper payment, I was wondering what the longest lease terms were…I’d imagine they vary by bank/manufacturer, but I have a difficult time imaging more than 4 years.
Why? Most warranties are expired by then and rv would be like less than 40%
48 months also isn’t often cheaper. Most vehicles usually have a specific sweet spot term, but it can be all over the place as to what it is.
TFS offers 60 month lease terms. The typically don’t make sense and when I see them it normally means the customer got crushed by that dealer
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Ally and USBank do 60 month too.
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“All the maintenance of long-term ownership, none of the equity.”
It sells itself.
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Only reason to do a 60 month lease is too bury negative equity but its still not recommended
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Why? Cheaper payment. Personally, I would never do 48 months again unless the terms were outrageously good. Only did it once, about 15 years ago…ended up buying out the car and selling it a few years later. Actually worked out pretty nicely in the end. But I really hated driving the old, smelly car the last 12 months.
I feel a car loses it’s “newness” at about month 24…I’d only get two or one year leases if it was affordable…or six month leases, like Steve Jobs used to!
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Well honestly, I would say that’s pretty low on the why list. If a car has a 36m warranty and you get a 48, you are out a year without a free repair and you are really taking risks. Or they sell you an extended warranty which then makes the ‘cheaperness’ sorta moot.
But if you are such a ‘risk taker’ well nothing I will say will stop you.
And Steve jobs got a 6 month lease because 1) He’s Steve Jobs, 2) He was exploiting a rule about new car plates so his cars aren’t traceable.
At the amount of money he was dropping, he probably could’ve just hired a limo guy to be at his beck and call…but then that would ruin his Apple image.
And right now, 18m leases on certain Nissan’s is the way to go, though the government thanks you for giving them a tax revenue source every 18 months.
PS I agree about 24, so many new features comes out every 2 years that ‘keeping up with the joneses’ rule comes into play.
Most cars don’t lease well, but those that do, have a sweet spot. It usually isn’t the longest lease term.
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Who are these many people? Personally, I wouldn’t do a lease longer than 36 or 39 months.
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If 42/48 month is less I will always offer it but I’d say that 75% of the time people prefer 36 month at the higher payment
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I have been noticing more and more broker ads offering 42 to 48 months lease terms, with 7.5k miles in order to make the monthly look appealing.
Here is my take on the current market.
DISCLAIMER: I am just an avid car enthusiast who enjoys a challenge, when it comes to scoring deals on cars.
Some cars, if purchased new at MSRP or below MSRP, might be better candidates for a purchase instead of a lease. For example: Financing a Honda Accord at MSRP might make more financially sense than leasing one.
We (consumers) need to do our own research and understand all the INPUTS that output a monthly and any amounts due at signing.
MB often has the most favorable 48 month terms.
36 for BMW and Porche, 48 for MB, Audi is all over lately.
I don’t think I’ve ever kept a lease longer than 18 to 24 months though 
Depending on residual 42 is often the most favorable for Audi with 36 trailing it only slightly. The pull ahead period at lease end helps greatly.
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But you’ve got to deal with looming registration… seems to be the most overlooked thing here in CA and I shake my head every time I see that happen.
Going past the warranty period is often blown out of proportion on this forum. Of course there’s always a chance but provided you take good care of your vehicles, that risk is minute.
What’s not minute is how dumb a 60 month lease is.
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Each has it’s own issue.
48 means you are taking a risk, small or large, it’s a risk.
Now a 60m? Well if you are a business that 60m might be worth it. Anything else, is insanity.
2 months before my Audi lease was ending last year, I used the pull ahead program to get into my 2021 A6 last May. I had a 36 month lease on the A4 I was turning in. My current lease is also 36 months.
Living up here in MA, we pay a yearly excise tax on cars. Leasing a $70k Audi can get expensive. My 1st bill was about $600. This year’s bill might be in the low 500s.