The Truth About Leasing
- Topics:
- Leasing
- Source:
- Auto Leasing Resource Center
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Overview: Leasing has exploded in popularity over the past few years becoming one of the most common financing methods for obtaining a new car. The question, which arises, is what has fueled this surge in leasing? The answer is a combination of two things: the public's never-ending appetite for bigger, cooler, faster, safer cars that they really can't afford and the auto industry's need/desire for continued double-digit growth in profits. Hence the dilemma: how can the car companies give the public what they want at a price that allows for healthy profits. The reality is that leasing has become an incredibly effective tool for dealers to sell their product at a significantly higher price and profit margin. Hence, automotive leasing is not for everyone. But for those who wish to consider leasing, it is essential that they invest the time educating themselves about the facts and the potential pitfalls.
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Format: HTML | Date: Jan 2003 | Pages: 4
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