Buying the Leased Car at Discount

For the past few years, the popularity of Car Leasing has increased so much that most of the carmakers are offering very good lease rates these days. Many times, at the end of a lease, the company sells the car in the open market at a loss. This is the best time for the customer to intervene and buy the car for less than the residual value. Since there is oversupply of cars of all kinds, from all manufacturers, it is most likely that discounts on car lease will be offered for several years to come. This gives the customers option of leasing a car first at low rates and then buy the car at a discount at the end of the lease.

In the past, the manufacturers subsidized leases to move the cars. They lowered the monthly lease cost by increasing the residual value. This increased the selling (leasing) of cars. However, the car value at the end of the lease was almost always less than the contracted residual. As a result, each of the off-lease cars had to be sold in the market at a loss of several thousand dollars.

If you are also facing the Lease vs Buy dilemma, take your time and explore different options. There are lots of auto finance companies and manufacturers who can give you your money's worth. Most of the companies offer a number of options for car leasing, including Contract Hire, Personal Contract Hire, Personal Contract Purchase, Contract Purchase, Hire Purchase, Lease Purchase, Finance Lease, etc. You may also find special offers such as Contract Hire Special Offers for car leasing.

So go for the car lease today if you ultimately want to buy the car of your dreams. Enjoy the benefits of finance companies subsidizing your monthly lease payment. A few months before the end of the lease, look at the used car lots and notice what your car is being offered at. At the end of the lease, buy the car and keep several thousand dollars in your pocket.