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Car Prices Might Be Unsustainable for Buyers
(www.wsj.com)
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this post was submitted on 22 Aug 2023
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More like the only ones that can afford new cars, want the luxury cars. And automakers make more off them, so that's what they make.
Which means the used car market also gets inflated because there's not as many cheap used cars.
And leases are just permanent payments with 3-4k down at signing.
So say it's a 4 year lease, $300 a month is 17k+ and at the end you don't own the car... So you buy the lease out (new leases won't be good deals) or put another 3-4k down and sign a new lease.
Lease buyouts aren't normally a good deal, there was just a very brief window where the used market had a significant increase, a lease signed today will have a much la