Lease Cars Geared Right

Lease Cars began as an option for businesses and buyers of luxury vehicles, however, now lease cars have become a popular choice with shoppers in general. The reason is quite simple... it can cost less per month to lease than to purchase with an auto loan.

New car sticker prices now average $30,000, according to price tracker Edmunds.com.

The average manufacturer's suggested retail price of cars and light trucks bought in December was $30,481, up 2 percent from the average sticker price in November and 4.6 percent higher than a year earlier.

Strong incentives and normal negotiation kept the average actual selling price well below that. In December it was $26,077, about 5 percent above the year-ago transaction price. Both average transaction prices are about 14 percent below the manufacturers suggested retail price (MSRP).

Lease payments typically are lower than purchase payments because they're based on the purchase price minus the vehicle's residual value — that is, its expected resale value at the end of the lease term.

In theory, customers pay only for the portion of the vehicle's value they use. The key to making money on lease cars is estimating that residual value.

Are you traveling? Here you will find maps and local information on the States and many major cities.

Leasing takes away the worries associated with buying and selling. A good lease deal requires almost no down payment.

Whether buying new or used; or selling a vehicle, first check a reliable car price guide such as KBB (Kelley Blue Book), Black Book, Red Book, or the NADA Used Vehicle Guide.

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