Approvals for car leases in August plunged nearly 30% compared with August 2015. But experts say it’s due to the rising number of lease applications, not a softening credit market.
Used car shoppers will have a much larger inventory of cars to choose from in the coming months, thanks to an influx of cars being returned at the end of their leases.
New research from Experian Automotive found that 10% of all luxury cars are registered in December.
New research from SwapALease.com indicates that women are paying less on their monthly payments than men for many popular models.
Volkswagen owners seem uncertain about keeping their cars, though they may feel they have no choice if they don’t want to lose money.
New-car leasing is up 12.5 percent, the highest level since Experian Automotive began tracking it in 2006.
Customers are getting approved for car leases at the highest pace since the recession.
There are more car leases available than in the past, but car leasing is more expensive on the whole, according to research by SwapALease.com.