Quote:
Originally Posted by LouK
It depends on your zip code as well. the metro detroit area (pre covid) had screaming lease deals. I realize this is not a BMW but leasing a decently optioned Ram 1500 for 150-200 a month with little to no down is common. As was for the chrysler 300, friend had one that stickered for mid 50's and had a zero down 198 a month payment.
Heck back when dakotas were still being made you could get one for 50 a month!
Ford would have a slightly higher lease but they also had lower origination fees.
At one point the maserati store was offering zero down 480 a month on a ghibli.
To answer the OP's question on used car leases, Unless the rates and residual are phenomenal it is generally a bad idea. Back in the day when new mustangs were leasing out for 400ish a 24 month lease turn in could be "re leased" as used for about 200 a month. Generally speaking if you get a good lease deal the aim is to pay less than the depreciation in that same timeframe you would have owned the car for.
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I agree that in few rare instances that could make sense but from what we see in general leases were used as a way to get in a car one otherwise wouldn’t be able to afford because of lower payment. Leasing a used vehicle makes even less sense however with depreciation you actually bet with the market what will said vehicle be worth in the future. Some electric vehicles can be had for decent money currently once you factor in money you would’ve spent anyway in fuel but that’s also on case by case basis.