|
I think more and more people are leasing cars. If you get a new car every couple of years it makes sense because you never end up with negative equity and you always have something new and under warranty to drive. The problem for the dealers is that they lease the car and it's not really a sale then in a year or two they get it back and now they have a used car that is worth half what it was a couple of years ago and they have to sell it. . . the good news is if you are buying a used car from a dealer you can get a great deal on a car with not that many miles.
Much of it is the economy and the type of car too. A friend of mine is looking at SUVs. He has three kids and a wife and needs something bigger. The car dealers all but offered to blow him if he would buy it.
|