The pandemic, the chip shortage, supply chain disruptions, labor shortages and more have combined to make a kind of horrible Voltron of automotive price-gouging (via CarBibles)
So in order to take advantage of that equity, the lessee would have to purchase their leased car from the bank that underwrites the lease and then turn around and re-sell or trade that car.That all depends on how you define “deal.” What a competitive price looks like right now is very different than what it would have been a few years ago. Consumers need to understand that getting a “deal” is relative to the rest of the market.
Another thing to be aware of is that some brands are in better shape than others when it comes to production. I have found that in some markets Toyotas are easier to come by compared to other Japanese brands and I’ve even scored some ordered Jeeps and Rams within reasonable time frames and with some discounts.
Those folks looking to maximize their value score should look at segments that aren’t as hot. For example, the luxury sedan market has been fading in popularity for some time as buyers’ tastes have shifted to crossovers and trucks. Full-size “flagship” sedans like the Audi A8, BMW 7 Series, and Mercedes S-Class can be scored at heavily discounted prices due to the steep depreciation on those cars.
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